Deduction u/s 80ee

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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?

Replies (3)

" 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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