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direct tax (deduction u/s 80c)

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2010 on 1/4/2005 loan for Rs. 15 lakhs taken from bank for aquisition.
on 31/3/2006 first installment was paid of Rs. 5,00,000 (excluding interest) , can he claim deduction in the assessment year 2007-2008 of amount 500000 ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
05 September 2010 Housing principal allowed maximum Rs.100000 under section 80C
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
05 September 2010 AGREED, DEDUCTION FOR REPAYMENT OF PRINCIPAL HOUSE LOAN IS ALLOWED UPTO 100000/- U/S 80C
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