Repayment of loan etc. taken for the purchase/construction of houses/flats-Deduction admissible under section 80C of the Income-tax Act, 1961-Regarding

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.... Circular No. 498 Dated 4/11/1987 To             All State Governments             (Including Administration of Union Territories) Sir, Subject:  Repayment of loan etc. taken for the purchase/construction of houses/flats-Deduction admissible under section 80C of the....

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.... be allowed for any sum paid towards the purchase or construction of a residential house property subject to the fulfilment of the conditions laid down therein. For the admissibility of this deduction, the construction of the house property should be completed after the 31st March, 1987, and the income from the same should be chargeable to tax under the head "income from house property" in the rel....