Please Help: Deduction u/s 80C
Posted Date : 17-Oct-2011 , 01:04:04 pm | Posted By AMIT GOYAL
I have a member of Co-Op. Society who will construct house for us. I have paid Rs. 1Lcs as construction cost, houses is under construction, house is not allotted me till date, whether i am eligible u/s 80C
Category : Income Tax | Answers : 2 | Comments : 0 | Hits : 320
Answers
Answer By: Ashish Karundia
Dear Amit,
In the instant case, you are eligible to claim deduction u/s 80C for the amount paid as installment towards construction of house. [Please refer Section 80C(2)(XViii)(b)of the Income tax Act]
In the instant case, you are eligible to claim deduction u/s 80C for the amount paid as installment towards construction of house. [Please refer Section 80C(2)(XViii)(b)of the Income tax Act]
Answer By: Ketan Samdani
Deduction allowed u/s 80 C for the above case.
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