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. Please help
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80ee deduction
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This means loan should be credited in ur bank a/c in this period.
It means agr apka loan is period ke doran liya gya h nd utilise kiya gya h tbi u gt the deduction
It means that the loan repayment made is eligible for deduction u/s 80EE only if the loan is sanctioned between 1-4-2013 to 31-3-2014.
It means that the loan amount should be sanctioned between the period (i.e. 1/4/2013 to 31/03/2014) only eligible for deduction u/s.80EE, if the loan is sanctioned before or after that period, then the same should not be eligible for deduction u/s.80EE(repayment of loan)
Loan should be sanctioned means loan has been disbursed I.e. amont has been recieved by borrower.
loan should be sanctioned between this period. Mean laon agreement should be signed between this period, even if loan amount is received after this period into your bank account.
-for individual not for Huf or Firms.
-period for loan sanctioned 01-04-2013 to 31-03-2014.
-value of the house not more than 40 lakhs.
-loan should not be more than 25 lakhs.
two A.Y are available for taking deduction u/s 80EE for Interest on housing loan for the resident purpose.
Enter comment here
It means that deduction u/s 80EE is allowed only if loan amount is sanctioned within this period.
| Originally posted by : Arif Ali | ||
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loan should be sanctioned between this period. Mean laon agreement should be signed between this period, even if loan amount is received after this period into your bank account. |  |
even though sirajahmed shaikh is complete in reply. But still if you need further guidance I think you should check out this link
https://blog.cleartax.in/section-80ee-deduction-on-interest-on-home-loan/
if loan is disbursed after 31 Mar 14, would assessee can claim deduction.
clause says only about loan is sanctioned not about disbursement
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