Tax Benefit under 80C on Home Loan Principal Repayment

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  1. Dhanancheziyan

    Dhanancheziyan New Member

    I am planning to take a home loan for a resale house property. In one of the article in Chartered Club it is mentioned that the tax benefit under 80C (upto 1.5 lakhs) on the principal repayment made for the home loan taken for the purchase or construction of a new house property. I would like to know if the same benefit will be applicable even for the purchase of a resale house property. Please clarify.
  2. Karan Batra

    Karan Batra Well-Known Member

    Yes, this deduction is also allowed for purchase of a resale property as this is new property for you.
  3. Dhanancheziyan

    Dhanancheziyan New Member

    Thanks Karan :)
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