Sir, if a person tak loan in fy 2014-2015 can he avail 80ee in fy 2016-2017?
Ashim kr Ray (social service) (1685 Points)
19 June 2017Ashim kr Ray (social service) (1685 Points)
19 June 2017
Ashim kr Ray
(social service)
(1685 Points)
Replied 19 June 2017
As he still paying the principal amount?
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 19 June 2017
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 19 June 2017
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 19 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 19 June 2017
NO.
For financial year 2015-16, Section 80EE are not available. These are applicable starting financial year 2016-17.
You can clain interest deduction u/s.24(b) upto 2,00,000/- for the interest paid andfor principal amount upto 1.50 lakhs u/s. 80C, subject to other conditions.
In case it is rented, the interest deduction is fully allowed, no need to claim u/s.80EE !!!
Ashim kr Ray
(social service)
(1685 Points)
Replied 19 June 2017
So sir in ITR 1 how to show the deduction U/s 24(b) as he is salaried person.Can be claim from gross total income of salary.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 19 June 2017
ITR1 > Income Details > Sr. No. B2 " Income from One House Property (If loss, put the figure in negative)"
Here the loss (that is interest paid over house loan is shown in negative............
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 19 June 2017
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