One of our client has made full down payment on 1st house .Is he suppose to claim Rs. 2,00,000 for the interest paid on 2nd house or entire interest amount?
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Interest on second home loan
Replies (6)
@ susmita
you will get a benefit of Rs.350000.
sec 80EEA RS.150000
SEC 24 RS.200000.
SEC 80EEA APPLICABLE FRON AY 2021.
THIS IS TO BOOST THE HOUSING SECTOR AND ALSO PROVIDE THE INDIVIDUALS TO APPLY FOR FRESH LOANS FROM BANKS.
LENDING SECTOR WILL GET A BOOST.
ELIGIBILTY CONDITIONS:
1.
you will get a benefit of Rs.350000.
sec 80EEA RS.150000
SEC 24 RS.200000.
SEC 80EEA APPLICABLE FRON AY 2021.
THIS IS TO BOOST THE HOUSING SECTOR AND ALSO PROVIDE THE INDIVIDUALS TO APPLY FOR FRESH LOANS FROM BANKS.
LENDING SECTOR WILL GET A BOOST.
ELIGIBILTY CONDITIONS:
1.
Which ever house is treated as SOP is eligible to get full Interest deduction
Interest deduction is not qua any house. it's in aggregate 2 lakhs maximum all put together
Interest Deduction is for self occupied property it is aggregate of RS 200000 but for property which is Let-out for that no bar is specified.
Sushmita
sec 80EEA IS A NEW SECTION INTRODUCED OVER AND ABOVE SEC 24 .
IT HAS BEEN INTRODUCED TO GIVE INDIVIDUALS OPTIONS TO PURCHASE NEW HOUSE PROPERTY.
sec 80EEA IS A NEW SECTION INTRODUCED OVER AND ABOVE SEC 24 .
IT HAS BEEN INTRODUCED TO GIVE INDIVIDUALS OPTIONS TO PURCHASE NEW HOUSE PROPERTY.
What options ?
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