Repayment of Principal Amt. u/s 80C

This query is : Resolved 

09 June 2011 Mr. X gives his son a loan to buy a house. Whether the son can claim the repayment of principal amount u/s 80C and interest u/s 24(b)?

09 June 2011 interest may be claimed, but principal can not be, to claim the 80C benefit the loan must be with specified financial institution.

09 June 2011 Agreed wih sharma ji..




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