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Housing loan principle repayment - let out property

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(Querist)
31 July 2017 Please clarify whether deduction allowed u/s 80C for principle repayment on let out property.(AY 2017 - 18)
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
01 August 2017 Yes allowed. All that matters is that the property and loan should be on the assessee's name. Whether let out or deemed let out or self occupied doesn't matter for claiming deduction

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