Hi, I had taken a home loan a year ago. Now I am planing to make some prepayment. Just want to know let say I prepay Rs 50K , Can I claim it under 80C. As per my knowledge I can claim the house loan principal under 80c.
1 Answers
There is no special mention of principal prepayment in section 80C, so you would be able to avail tax benefits u/s 80C but only upto Rs 1 lac total benefit.
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