Deductions U/S 80C for investment in New Residential House

Section 80C allows various deductions and there are deductions in respect of residential house property. In respect of residential house property any amount of loan which you have taken from banks, housing finance company, municipality corporation, central government, state government, any amount which you repay during the year, you can claim as a deduction under Section 80C. In addition to the loan repayment you are also allowed to claim deduction in respect of stamp duty, registration charges and any transfer fee paid in respect of the property during the year.