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Deduction U/s 80EEA

168 views 3 replies

Nitesh

PROP.

35 Points Posted on 11 June 2020

A person had bought a land and starting construction on it. He is willing to take home loan on construction of house.

Whether he will be allowed to claim interest U/s 80EEA if amount of yearly interest exceeds Rs. 2 lakh.

Replies (3)

KK KESOW

17 Points Posted on 11 June 2020

When the construction started

rama krishnan

12244 Points Posted on 12 June 2020

The loan should have been taken on or before 31/03/2020

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 25 July 2020

Section 80EEA deduction is available on loan taken for purpose of acquisition of a residential property, not construction of residential property

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