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Deduction U/S 80C
if an assessee taken HBL and repay installment out of that interest is adjusted with HP income and Principal amount is eligible for Deduction.. but my question is that how many year he can claim 80c deduction ? if the loan is continuing for 3 years
Replies (3)
There is no restriction on number of years for interest deduction except pre construction interest.
Interest can be allowed u/s 24 and 80C based on the interest certificate given by the bank on yearly basis.
Interest under 24 and Principal repayment under 80C respectively
Interest can be allowed u/s 24 and 80C based on the interest certificate given by the bank on yearly basis.
Interest under 24 and Principal repayment under 80C respectively
U can claim deduction till the loan is completely repaid.
only 3 years from when repayment of loan is start
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