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Sec 80C Deduction

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29 March 2011 Hsg Instalment paid in FY 2007-08 of which benefit was not taken u/s 80C, whether same benefit u/s80C can be taken in FY 2009-10 Thanks
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
29 March 2011 80C deduction allowable on payment basis. deduction allowable only in the year of payment.
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Rajan Kapoor

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Rajan Kapoor (Expert)
29 March 2011 80C deduction is available on payment basis. SO Housing Loan Installment paid in FY 2007-08 of which benefit was not taken u/s 80C, cannot be taken in FY 2009-10.
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