22 February 2016
Dear Sir,
My investment in lic is Rs. 20,000/- per year and repayment of housing loan in the year is Rs. 2,24,000/- can I avail exemption under section 80C for whole amount (I.e. Rs 150000/-)
22 February 2016
Only the principal portion of the Housing Loan repayment will qualify under section 80C. Interest portion can be claimed under section 24.
CAclubindia
