Dear Hari Mohan,

 

Based on section 80 C you are eligible for Deduction only for registration
fees. Payment to Noida Authority towards Instalment is deductable if it
includes a component of Principal & Interest.

 

Regards,

Santosh kumar Sahoo 

 

Menon & Pai

Chartered Accountants

No.12/4, Ashirwad Apartments, Puliyur 1st Lane,

Trustpuram, Kodambakkam, Chennai - 600024

Ph: 24836117 / Telefax : 24881860

Email: [email protected]              

 

From: [email protected]
[mailto:[email protected]] On Behalf Of Hari Mohan
Sent: Friday, January 01, 2010 1:24 PM
To: TAX ASSISSTANT
Subject: HAPPY New YEAr

 


hello dear all

 

Let me wish u first Happy new year 2010.

 

Dear All friends.please clear crear my confusion on section 80 C.

Actually I have allotted a Flat in Noida by Noida Authority and instead of
taken any housing loan from any bank, I have paid an amount to Noida
Authority from my saving account during the financial year 2009-10 as a
Registration money and Allotment Money and Installment.Now I am in delemma
that Is this amount is deductable under section 80C or not deductable.

 

Please give me your opinion on this matter as soon as possible as my company
is not considering this under section 80C.

 

Regards

HARI MOHAN

MANAGER ACCOUNTS

MPD REALTORS & INFRASTRUCTURES LTD. 

 

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