Sec 80ee

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2018 One of my friends has build a house(1st house) by taking a bank loan of 27,00,000 Rs.in the year F.Y 2015-16.can he claim deduction u/s 80EE.As he paid interest alone in this year Rs 2,52,155.Will he get the deduction u/s 24 upto 2 lacs and remaining 52155 u/s 80EE Restricted to Rs 50000.Please give your suggestion.Thank you.

ALKESH T MEHTA

ALKESH T MEHTA (Expert)
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21 June 2018 Yes,your friend can claim up to Rs.250000/- with benefit U/S 80EE

Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2018 Here my doubt is he has taken loan in F.Y 2015-2016.U/S 80EE deduction can be claimed assessee who has taken loan in F.Y 2016-17 .please clarify my doubt.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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29 September 2021 No. Not eligible for deduction u/s. 80EE, if loan sanctioned was in FY 2016-17.

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