Dear Sir/Member,
My query is about deduction u/s 80EE. Detail of case is as under :-
1. Person is not having any House Property on the date of sanction of Housing Loan.
2. Loan sanctioned is Rs. 25,00,000/-
3. Person has applied for LDA (Lucknow Development Authority) Flat.
4. LDA will provide him Flat for Rs. 38.50 Lacs (excluding Registration Charges. It may be 2% to 5% of Rs. 38.50 Lacs)
5. Flat is Under Construction.
6. Registry is still pending.
Query:-
1. Whether Registration charges will be included in value of House Property for the purpose of section 80EE?
2. Deduction u/s 80EE can be given without "Possession of HP" or not?
3. Registry is compulsory or not, for availing deduction u/s 80EE?
Please provide your valuable suggestions, thanks in advance.
CAclubindia
