Housing Loan Principle Repayment

This query is : Resolved 

26 March 2008 Housing Loans Interest Relating to Construction Period can be set off in 5 Equal Instalments. if i have paid the priciple portion before construction period is eligible u/s. 80-c or not

26 March 2008 Ya you can

26 March 2008 YES YOU CAN CLAIM DEDUCTION UNDER 80C


26 March 2008 principal repayment doesnot have any relevance with completion of construction

26 March 2008 Sec 24 and Sec 80C are independent sections. Since, there is no such provision, u can claim the deduction

26 March 2008 All are correct



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