Section 80EEA Interest on Home loan

Home loan taken on 22.03.2022 - Rs. 6400000

Purchase Value of property - 7000000

Government value - 3600000

Stamp duty paid on 7000000 at 6% of Rs. 420000

Property is jointly owned by Husband and wife. No other property was in the name of wife earlier.

Can wife take benefit of 80EEA over and above 24b for interest paid on Home loan

 

 

Replies (3)
Quick Summary
This discussion explores the eligibility for Section 80EEA deductions on home loan interest, specifically for a property purchased in March 2022. It clarifies that the wife may be eligible for the 80EEA benefit if her name appears first in the joint holding and her finances support the loan. The conversation also touches upon the possibility of claiming deductions for home loans sanctioned and disbursed in April 2021.

No. Not eligible.                        

XWHOSE NAME IS FIRST IN THE JOINT HOLDING.
WIFE CAN TAKE PROVIDED HER ACCOUNT SHOWS ADEQUATE CRSDENTIAL
Home Sanction 10 April 2021 and disbursed amount 32,00,000/- so can we take deduction benefits on it

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