Reversal of deduction claimed under section 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2014
In which head of income, reversal of deduction claim for repayment of housing loan under section 80C must be taxed.
08 December 2014
In my opinion it should be taxable under the head Income from Other Sources. Amount becoming taxable on account of non-fulfillment of condition stipulated by Section 80C should be taxable under the head Income from Other Sources.
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