Section 80EEA

This query is : Resolved

Phanindhra kotha (Querist)
Follow

13 April 2024 Dear Sir,

i have received a housing loan of 43,00,000, in the month of April - 2024. I need to give investment declaration to my company where i am working.
but the section 80EEA is application for loans sanctioned between 2017 & March 2022.
is there any update with respect to extension of applicability of section 80EEA.
If no, pls kindly suggest me for investment declaration.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

14 April 2024 From April 2022, new income tax rules apply: First-time home buyers will not be eligible to receive tax benefits under Section 80 EEA on new housing loans sanctioned in FY23 and after as the special benefits announced in Budget 2019 expired on March 31, 2022.

CA.Pujah

CA.Pujah (Expert)
Follow

18 April 2024 80EEA is not applicable for u, but u can still claim interest deduction u/s 24 and principal repayment deduction u/s 80C

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Suvigya Tiwari

ANUPAMA L KANT

Abhishek Kabra

MUNISH KUMAR

Tushar Gupta

Subscribe Now

Section 80EEA

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Accountant

Article Assistant

GST CONSULTANT