I have paid 50000/- INR(principal)as repayment of loan taken to purchase a house but house is still under construction and i have started making payment to the concerned bank from whom i have taken the loan. Please let me know that any exemption under chapter VI A is available or not....Also is there is any case law on the same.
28 January 2008
dear friend if loan is taken for construction of house and completion certificate is not received or possession letter is not received deduction u/s 80 c is not available
CAclubindia
