Interest on loan 80EEA
This query is : Resolved
Deepak Londhe
(Querist)
13 August 2024
How can I avail 80EEA interest deduction in below scenario.
Principle: 50,000/-
Interest on Loan: 350,000/-
LIC: 150,000/-
As mentioned above Can I avail deduction as below.
80C: 150,000/- (LIC & Loan Principle)
24: 200,000/-
80EEA: 150,000/- (Remaining amount to be claim for Interest on loan)
In short I want to understand how can I use this 80EEA section deduction.
Principle: 50,000/-
Interest on Loan: 350,000/-
LIC: 150,000/-
As mentioned above Can I avail deduction as below.
80C: 150,000/- (LIC & Loan Principle)
24: 200,000/-
80EEA: 150,000/- (Remaining amount to be claim for Interest on loan)
In short I want to understand how can I use this 80EEA section deduction.
13 August 2024
Yes, all these deductions can be claimed simultaneously, under Old tax regime, provided the housing loan taken during the period between 1 April 2019 and 31 March 2022 under affordable housing scheme.
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