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Reversal of deduction claimed under section 80c

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Querist : Anonymous (Querist)
08 December 2014 In which head of income, reversal of deduction claim for repayment of housing loan under section 80C must be taxed.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
08 December 2014 In my opinion it should be taxable under the head Income from Other Sources. Amount becoming taxable on account of non-fulfillment of condition stipulated by Section 80C should be taxable under the head Income from Other Sources.

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