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Deduction in u/s 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2014 Dear experts,

A person who has borrow a loan from LIC for a auto and he is paying installment with interest. Can he take deduction u/s 80c for interest amount or not.

Please help us.
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Deepti Asawa

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Deepti Asawa (Expert)
09 July 2014 No, he cannot take deduction.
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Deepti Asawa

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Deepti Asawa (Expert)
09 July 2014 No, he cannot take deduction.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 July 2014 No such deduction is available u/s 80C.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2014 thanks to all of you for giving a suitable suggestion .....

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