Manager
124 Points
Joined May 2011
80EEA is applicable to loans sanctioned between 1-4-2019 to 31-3-2022 for purpose of acquisition of a residential house property. Pls. check eligibility.
Interest deduction upto Rs. 2 lakh is eligible under section 24 for self occupied properties and additional Rs. 1.5 lakh under section 80EEA . 80EEA deduction to my knowledge is only allowed for home loan interest.
Section 24 deductions are available for loans taken for acquiring, construction, repairing, renewing or reconstructing with borrowed capital. So the the type of borrowing is not specified - home loan or personal loan. However a certificate will have to be furnished from the lender. Also non availability of receipt can be an issue as there is no proof of utilisation of funds for housing/ renovation purpose.
Cannot help on the 1st part though.