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Repayment- principal portion of loan for comm. building 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 March 2016 Can repayment of principal portion of Loan be availed for Commercial building that is let out during the year be claimed as a deduction under 80C.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
30 March 2016 80C Deduction is for Housing Loan for Constructed house or for Construction even if Self Occupied or Let out. In other cases no Deduction available.
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Amol S Joglekar

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Amol S Joglekar (Expert)
30 March 2016 No. The deduction can not be claimed under section 80C. The interest can be claimed in income from house property but not 80C
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