ARUL PRADEEP (ARTICLE ASSISSTANT) (175 Points)
24 July 2014hi guys we hav a house on my mom's name. my dad purchased a new flat in ay 2012-13 n availed a home loan for the same in june 13 n he is paying his emi from july 13. can he avail benefit u/s 80EE on interest paid by him?
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 24 July 2014
Arul, your dad needs to fulfill some conditions for claiming 80EE.
This should be the only & first home in his name.
Value of the house should not more than 40 lakh.
Nimish
(B.com)
(53 Points)
Replied 09 December 2014
For claiming deduction under section 80EE one of condition is as below
For this purpose, loan should be sanctioned between 01.04.13 to 31.03.14
what does it means.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
