The portion of the EMI paid towards repayment of principal amount of the loan can
be deducted from income
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Deduction on Principal repayment
The Principal portion of the EMI paid for the year is allowed as deduction under Section 80C. The maximum amount that can be claimed is up to Rs 1.5 lakh. But to claim this deduction, the house property should not be sold within 5 years of possession.
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