hi guys we hav a house on my mom's name. my dad purchased a new flat in ay 2012-13 n availed a home loan for the same in june 13 n he is paying his emi from july 13. can he avail benefit u/s 80EE on interest paid by him?
80ee
Replies (3)
Arul, your dad needs to fulfill some conditions for claiming 80EE.
This should be the only & first home in his name.
Value of the house should not more than 40 lakh.
Loan taken by Individual for the purpose of buy a house should not be more than 25 lakh -
Loan for this purpose taken by individual should be from the Financial Institution or Housing Finance Company.
For this purpose, loan should be sanctioned between 01.04.13 to 31.03.14
THANKS SALONI.........
For claiming deduction under section 80EE one of condition is as below
For this purpose, loan should be sanctioned between 01.04.13 to 31.03.14
what does it means.
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