Housing loan principal deduction u/s 80c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 February 2013 dear all,

if i have rental income from my house property and if i am paying interest & principal amount to bank, as i know interest can be claimed but can i take benifit of principal repayment of loan u/s 80c (as the said property is not self occupied)

need support

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)
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08 February 2013 Relevant portion of Section 80C is reproduced below -
"(xviii) for the purposes of purchase or construction of a residential house property the income from which is chargeable to tax under the head "Income from house property" (or which would, if it had not been used for the assessee's own residence, have been chargeable to tax under that head)"

There is no requirement in the act that the property should be self occupied.

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