i taken a home loan my interest portion is ₹ 2,10000/- and principal
₹ 100000/-
Can i claim ₹50000/- extra in sec 80EE
Over ₹ 200000/-
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80EE Deduction
Replies (4)
Yes... You can if applicable all the condition as per previous query...
Depends upon year of loan taken, loan amount, and cost of house property.
Conditions to be Met for Claiming Deduction
Value of the house should be Rs 50 lakhs or less
Loan taken for the house must be Rs 35 lakhs or less
The loan must be sanctioned by a Financial Institution or a Housing Finance Company
The loan must be sanctioned between 01.04.2016 to 31.03.2017
As on the date of the sanction of loan, no other house property must be owned by you.
Value of the house should be Rs 50 lakhs or less
Loan taken for the house must be Rs 35 lakhs or less
The loan must be sanctioned by a Financial Institution or a Housing Finance Company
The loan must be sanctioned between 01.04.2016 to 31.03.2017
As on the date of the sanction of loan, no other house property must be owned by you.
No 80 EE is applicable only if interest is exceed rs 200000 and balance up to 50000 and take as deduction us 80ee...
let say there is interest rs 310000..
now shall have to take exemption first us 24b rs 200000 and up to 50000 80ee..
let say there is interest rs 310000..
now shall have to take exemption first us 24b rs 200000 and up to 50000 80ee..
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