Dear Expert,
Mr. A has one house and want to purchase another house after taking home loan from nationalised bank, can he claim deduction u/s 80EE for interest paid on this home loan? Further he let out new house during the year, can he claim deduction u/s 24 & 80EE, if yes to what extent?
" Mr. A has one house and want to purchase another house after taking home loan from nationalised bank, can he claim deduction u/s 80EE for interest paid on this home loan? "
No...... Deduction u/s. 80EE allowed only for first house property.
" Further he let out new house during the year, can he claim deduction u/s 24 & 80EE, if yes to what extent?"
As per sec. 24(b)....... total deduction available 2 lakhs rupees under head IFHP.
Thanks Dhiraj sir,
Most Welcome...... Dear......
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