80c deduction

This query is : Resolved 

21 January 2012 Dear Expert,
If the assessee has availed housing loan & the house is under construction can he avail repayment of housing loan Deduction u/s 80C.


21 January 2012 The intention of law is clear but the language is not clear.
.
In my view interest is clearly allowed in installment after completion
but Principal Repayment is deductible.
.

21 January 2012 Payment made towards Cost of Purchase /Construction of a New Residential House Property is qualified u/s 80C. Repayment of Housing Loan Deduction under u/s 80C is allowed even if the House is under Construction


23 January 2012 Thank you so much



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