Tax exemption

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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)

20 January 2015 For the second house 80EE deduction can't be claimed.

Message likes : 1 times

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

20 January 2015 benefit not available for 2nd house under sec 80EE.

Message likes : 1 times

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)

20 January 2015 yes if there is loan taken and int is paid.

Rupesh Jain

Rupesh Jain (Expert)

20 January 2015 NO ITS ONLY FOR ONE HOUSE.

CA JITESH KHANDELWAL

CA JITESH KHANDELWAL (Expert)

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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