I would like to know whether Hsg Loan repayment in part is eligible to get deduction u/s 80C in each year of repayment. For e.g. out of O/s Hsg Loan of Rs 2 Lacs, if i pay 50000 before Mar'09, another 50000 before Mar'10 & so on then i can get deduction in all 3 years? is there any reference material where we can find this?
But my que is slightly diff i want t repay in a staggering manner in a span of 4 years (50000 in a yr) shall i get deduction of 50000 of principal repayment in each of four years? is there any specific reference material which covers this type of clarification?
But my que is slightly diff i want t repay in a staggering manner in a span of 4 years (50000 in a yr) shall i get deduction of 50000 of principal repayment in each of four years? is there any specific reference material which covers this type of clarification?
CAclubindia
