Hi,
Have a query in calculation of Loss from House property.
The recent amendment states that the loss on house property will be restricted to Rs. 200000/-. The previous amendment states that additional benefit u/s. 80EE is available for self occupied property in case of first home loan buyer. The same is applicable till the loan is closed.
What would be the impact of the recent amendment on 80EE? Will the assessee eligible to claim excess of Rs. 50000/- deduction over and above Rs. 200000/- or not.
Please confirm.
CAclubindia
