Deduction of 80C & Interest income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 January 2011 any payment of instalment to owner will allowed as deduction u/s 80C as payment of amount due?

if instalment contains interest portion as well as principal for purchase of house, whether additional amount paid as interest can be taxed as capital gain or interest?

CMA. Dinesh S Adhikari, ACMA

CMA. Dinesh S Adhikari, ACMA (Expert)
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24 January 2011 Sir, Question is not clear....

I think you are asking that Housing Loan repayment installment with interest? if is it so then about which party you are asking tax treatment, for payer or payee??

Please clarify