My Humble request for clarification of query is about deduction u/s 80EE. Detail of case is as under 1. Person is not having any House Property on the date of sanction of Housing Loan. 2. Loan sanctioned is Rs. 25,00,000/- 3. Person has applied for LDA (Lucknow Development Authority) Flat. 4. LDA will provide him Flat for Rs. 37.50 Lacs 5. Flat is Under Construction and (construction period is 30 months).
Query: Deduction u/s 80EE can be given/availed without "Possession/ownership of HP" (During construction period) or not? Please provide your valuable suggestions, thanks in advance.
CAclubindia
