I have booked a new flat for which I have made installment payment of 20% directly to the promotor.Can I claim this amount as deduction u/s 80C upto Rs180000/- for A.Y 2012-13.
As per section 80C sub clause (xviii)
For the purpose of purchase or construction of residential house property the income of which is chargeable head "Income from house property....where such payments made towards or by way of
(a) any instalment or part payment of any amount due under any self financing or other scheme of any development authority,housing board or other authority engaged in construction and sale of house property on ownership basis.
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