28 August 2008
If company(employer) (not bank) has lent me loan for the construction of house, will it repayment be allowed as exemption u/s 80c or not and what about interest payment on loan.
28 August 2008
Interest is not allowable u/s 80C unless it is a financial institution. As far as interest is concern you can claim it under the head income fron house propoerty
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