Deduction under section 80C: repayment of principal on housing loan qualifies, interest payments do not. Payments toward the cost of purchase or construction of a new residential property qualify for deduction under the provision and expressly include ... Summary
Deduction under section 80C: repayment of principal on housing loan qualifies, interest payments do not.
Payments toward the cost of purchase or construction of a new residential property qualify for deduction under the provision and expressly include repayment of the principal amount of a housing loan; interest paid on such a housing loan is not eligible for deduction under the same provision.
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