banner_ad

Deduction u/s 24 and 80EE

Others 213 views 3 replies
Suppose interest on loan taken is 50,000 annually.
How would this interest be treated
u/s 24 and 80EE

In case of
i) House is let out
ii) House is self occupied throughout
iii) During Pre-construction period
Replies (3)
in both 1&2 cases interest deduction will be up to 2lac p.a. as in case of let out property also interest is restricted to 2lacs which was actual earlier
no interest deduction allowed during pre construction period. however once construction is complete deduction in 5 equal installment is allowed in addition to yearly interest from the year previous to the year when construction is complete
good explanation sir ji
under section 80EE deduction in respect of loan taken for residential 🏠 up to 50000 but loan is sanction between 01/04/2016 to 31/03/17 loan not exceed 3500000 and house value up to 50 lakhs and u have not any other house on the sanction of loan


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details