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80EE deduction
Can 80 EE deduction be claimed for under construction phase assuming all other conditions are fulfilled
Replies (3)
One of the condition for deduction under 80EE is:
the amount of loan sanctioned for acquisition of the residential house property does not exceed thirty-five lakh rupees;
which means the aforesaid deduction will not be available in case of construction.
No........ can be availed only after aquisition i.e completion.
the word acquisition includes purchase as well as construction..... therefore it is allowed for purchase and construction of the property
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