Can we claim deduction u/s 80EEA for an F.Y. 2019-20 if stamp value of the property is 44,50,000 and we take a loan of 60,00,000 for the construction of house property on the same?
Menu
Tax deduction of interest on house property
Replies (3)
80EeA not applicable in your case. it's for residential house property subject to carpet area and other conditions. it's not for buying a plot and then construction of house.
Further loan will have to from Financial Institution or from Housing Finance Company.
Further loan will have to from Financial Institution or from Housing Finance Company.
What if other conditions met like it is only residential property, the loan was taken from the financial institution and carpet area of the property was less than 90 square meters as a property is in the non-metro city.
You have to comply with all conditions under 80EEA to avail interest benefit.
Recent Topics :
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
Related Topics :
CAclubindia
