Poonawalla fincorp
Poonawalla fincorp

Housing loan principal

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2011 I have a query regarding Principal amount on Housing Loan. I had a housing loan which I pre-closed this year - Jul 2010. Will the principal amount I paid at the time of pre-closure be considered under section 80C?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
17 January 2011 Housing Loan if closed prior than also it is considered U/s 80C ( within 1.00 limit)
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
17 January 2011 Yes.. any repayment of principal amount will be allowed with the limits of section 80C.
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