
Section 80C covers principal repayment of home loan & 24(b) covers interest repayment of home loan
Home Loan Principal amount claimed under section 80C will be disallowed if sold within 5 years
Section 80C(5) states that in case the assessee transfers the house property on which he has claimed tax deduction under Section 80C before the expiry of 5 years from the end of the Financial Year in which the possession has been obtained by him, then no deduction and tax benefit on Home Loan shall be allowed under Section 80C. The aggregate amount of tax deduction already claimed in respect of previous years shall be deemed to be the Income of the Assessee of such year in which the property has been sold and the Assessee shall be liable to pay tax on such income.

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