Poonawalla fincorps
Poonawalla fincorps

House loan interest

This query is : Resolved 
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(Querist)
16 April 2018 If any person made payment of house loan to bank by cash deposit in lumsum amount and close the loan. Than wheather the amount deposit to bank is elegible for deduction u/s 80c
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 April 2018 the repayment will be eligible for the deduction. But you still have to cover the source of deposit from Income-tax perspective.

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