Whether deduction u/s 80C for repayment of principal amount of housing loan during construciton of propeity is allowable?
80c on payment of home loan installment during construcition
CA Mukesh Goyal (Assistant Manager) (143 Points)
05 March 2014CA Mukesh Goyal (Assistant Manager) (143 Points)
05 March 2014Whether deduction u/s 80C for repayment of principal amount of housing loan during construciton of propeity is allowable?
CA saloni
(CA Job)
(26 Points)
Replied 05 March 2014
ded u/s 80c is allowed only on completion of construction of house.
CA Mukesh Goyal
(Assistant Manager)
(143 Points)
Replied 06 March 2014
Thanks Saloni,
Can u provide me any case laws or sections where it is mentioned that 80C is allowed only completion of construction of house.