28 July 2009
There is a query related to exemption eligible u/s 80C : - During the previous financial year, the assessee transferred his housing loan from one bank to another bank. Old bank has issued a interest certificate mentioning complete repayment of loan (i.e. Principal + Interest). In such a case, can we claim benefit u/s 80C to the extent of Rs.100,000/-. However, Repayment of loan has started in current year in New Bank (i.e. bank to which the Outstanding loan was trfd).
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