Is it the amount on which I have paid the stamp duty for the property in FY 2019-20 or is the total amount that I have paid to the builder.
say for example stamp duty was paid on 2,000,000
but I have paid builder 4,900,000
Loan amount 3,500,000 taken in FY 2019-20
So, will one be eligible to claim deduction under sec 80EEA in the above case ?
First deduction should be claimed u/s 24(b) then u/s 80EEA
Max 1,50,000
Amount of Deduction : Interest on housing loan
Sure Naveen, but not everyone can claim deduction u/s 80EEA, if the property value exceeds 45 lakhs. My question is how to determine this property value ?
Property Value depends on the Value as per Register Value on which Stamp duty is levied
| Originally posted by : Smart Accounting Solutions | ||
 |
Property Value depends on the Value as per Register Value on which Stamp duty is levied |  |
So, in the above case
Property value is 2000000 (as stamp duty is paid on this value)
Loan amount is 3500000
Is this correct that loan amount > property value ?
Stamp Duty Value shall be considered
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
