20 July 2019
Does Principal and Interest (on housing loan) both qualify for deduction u/s 80C? My client is employee in Corporation Bank. Bank has issued Form 16 for A.Y. 2019-20, where in Principal + Interest that is total installment has been shown as deduction u/s 80C Also, Interest is shown as deduction u/s 24(b) under the head Income from house property. Is the calculation given by Bank in Form 16 correct?
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