Applicability of income exemption under 80EEA
This query is : Resolved
19 December 2021
I have purchased a 830 sq ft plot for Rs. 170000 (stamp value) and constructed a house with 620 sq ft. Carpet area (total built-up area 1350 sq.ft.) by applying loan. The bank valuing the property (land & building) for Rs. 55.25 lakhs sanctioned for loan amount of Rs. 36.00 lakhs for land & construction.. Am I eligible to claim intrest exemption under section 80EEA?. Please clarify. Thank you
19 December 2021
NO. The stamp value of the property should not exceed Rs 45 lakhs.
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