CAPITAL PORTION OF HOUSE LOAN & PPF EXEMPTION FOR FY 2011-12

I wish to know the answer to the following questions please:- 1. Does the capital portion of the house loan returned to bank by the assessee during FY 2011-12 qualifies for exemption u/s 80C, or in other words, is it included in the limit of Rs 100000/- alongwith PPF savings? 2. What is the maximum limit of PPF subscriptions u/s 80C which is deductable from income during FY 2011-12? 3. Is the Registration fees and the stamp duty paid during this FY deductible from house property income accrued during the FY 2011-12? 4. I will ever be grateful to you for these clarifications.

asked Feb 26 '12 at 12:58 by Kulwant 1111


  1. Deduction for principal amount paid for home loan is available u/s 80C. This is only applicable if possession of house has been taken.
  2. Tax deduction is available on PPF investment u/s 80C, upto Rs 1 lakh.
  3. Deduction for Registration fees and stamp duty paid for house purchase is also available u/s 80C.

Please note that 80C has a total maximum limit of 1 lakh. So if total of above three is more than 1 lakh, 1 lakh deduction would be available only.

answered Feb 28 '12 at 19:09 by pankaj 5.2k320

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Asked: Feb 26 '12 at 12:58

Seen: 1,541 times

Last updated: Feb 28 '12 at 19:09