Repayment of loan etc. taken for the purchase/construction of houses/flats-Deduction admissible under section 80C of the Income-tax Act, 1961-Regarding
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Deduction under Section 80C for home loan repayment clarified; officers must verify long term capital gains computations in assessments. Deduction for repayment of loans for purchase or construction of residential houses/flats is addressed under Section 80C, and an A. D. (M. A. Series) ... Summary
Deduction under Section 80C for home loan repayment clarified; officers must verify long term capital gains computations in assessments.
Deduction for repayment of loans for purchase or construction of residential houses/flats is addressed under Section 80C, and an A. D. (M. A. Series) Circular dated 11 February 1987 to authorised dealers in foreign exchange is enclosed. Assessing officers are instructed to check the computations of long term capital gains by such authorised dealers, with attention to paragraphs 5-7 of the circular, and to bring the circular's contents to the notice of all officers handling those assessments.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
