deduction us 8EE housing loan interest AY 2019-20

i. Taken loan for acquisition of of Residential House Property.

ii. Purchaser should be first time buyer. i.e. he has never purchased any house and now he is going to purchase a house.

iii. Value of the residential house property should not more than 50 lakh.

iv. Loan taken by Individual for the residential house property should not be more than 35 lakh.

v. On the date of sanction of loan individual/spouse does not own any residential house property.

vi. Loan for this purpose taken by individual should be from the Bank or Housing Finance Company.

vii. For this purpose, loan should be sanctioned between 01.04.16 to 31.03.17.