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Q. > Please Help: Deduction u/s 80C
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458 views • Question added Oct 17, 2011 • Income Tax • By AMIT GOYAL , CA , NEW DELHI


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

2 Answers

answered Oct 17, 2011 by Ashish Karundia , New Delhi

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]


answered Mar 03, 2012 by Ketan Samdani , V V Nagar

Deduction allowed u/s 80 C for the above case.


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