Housing principle
This query is : Resolved
23 November 2011
I am constructing house on my own land for that I am taking loan from bank & use my own funds also. For using my own funds can I get the exemption under section 80c as principle amount.
23 November 2011
No...you cannot claim deduction under Section 80C for using your own funds for the construction of your house.
Only amount of principal repaid on Loan taken can be taken as a deduction u/s 80C
Only amount of principal repaid on Loan taken can be taken as a deduction u/s 80C
23 November 2011
Sanjana is Right.
U Cant Use
U Cant Use
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