Deduction u/s80c

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IF HOUSE LOAN TAKEN ON BASIS OF AGREEMENT FOR PURCHASE OF PROPERY... IN THAT CASE ASSESSEE WILL BE ELIGIBLE FOR 80C REPAYMENT AND EXEMPTION OF HOME LOAN INTEREST OR NOT.
Replies (3)

Yes,

I think, you are eligible for deduction

 

THX SIR, BUT IS IT CONFIRM TO AVAIL DUDCTUION.......

" IF HOUSE LOAN TAKEN ON BASIS OF AGREEMENT FOR PURCHASE OF PROPERTY..."

Housing loan has been taken for purchasing a new house, you are eligible to take deduction under section 80C and 24(b)

Loan should be taken within definition of housing loan. It may be taken for purchasing or construction of housing property , not for personal purpose (personal loan)


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