Tax exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 January 2015 Dear sir,
please suggest me that
If an Employee had purchased first House in 2014-15 and fulfil all conditions for 80 EE , he then purchased 2nd house in same year Can he claim interest benefit u/s 24 & 80 EE on both house?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 January 2015 For the second house 80EE deduction can't be claimed.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 January 2015 benefit not available for 2nd house under sec 80EE.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 January 2015 Whether deduction u/s 24 can be taken or not?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 January 2015 yes if there is loan taken and int is paid.

Rupesh Jain

Rupesh Jain (Expert)
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20 January 2015 NO ITS ONLY FOR ONE HOUSE.

CA JITESH KHANDELWAL

CA JITESH KHANDELWAL (Expert)
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21 January 2015 U/s 24 interest benefit can be claimed, but pls note only 1 house can be considered as self occupied & other should be taken as let out or deemed let out prop

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