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80eea to under construction house property

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prashant Sh

26 Points Posted on 02 October 2021

I fulfilled all criteria but only doubt is "is it applicable to under construction house property?"

Replies (2)

Quick Summary

This discussion clarifies the eligibility for the Section 80EEA deduction on properties under construction. While there's no explicit pre-condition, the deduction is generally available after the construction is complete and based on your interest certificate. It's important to note that this deduction is claimed after exhausting interest deductions under Section 24(b), which has specific conditions for the pre-construction period.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121521 Points Posted on 02 October 2021

As there is no such precondition attached to it, you can avail the deduction, based on your interest certificate.

Only catch is, the deduction is available only after exhaustion of interest deduction u/s. 24(b), where such condition of 'pre-construction period' is attached.

Still, in my view, you can claim the deduction as soon as the construction gets completed.