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Deduction u/s 80c

This query is : Resolved 
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(Querist)
31 December 2012 Dear All,
Whether under 100000/- limit u/s 80c of Income tax act, repayment of PF loan will be covered with Normal PF Deduction.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
31 December 2012 Repayment of PF Loan is not covered under section 80C.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
04 January 2013 Yes I agree with the expert
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Nitesh Kumar Sharma

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Nitesh Kumar Sharma (Querist)
04 January 2013 Then whether we can claim this repayment of pf loan as deduction elsewhere, or this is not a deduction at all.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
04 January 2013 This is not deductible as the same is a repayment against capital receipt. At the time of taking the loan the amount was not taxed and that's why when you will repay it,
no deduction benefit is granted.
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