hi guys we hav a house on my mom's name. my dad purchased a new flat in ay 2012-13 n availed a home loan for the same in june 13 n he is paying his emi from july 13. can he avail benefit u/s 80EE on interest paid by him?
hi guys we hav a house on my mom's name. my dad purchased a new flat in ay 2012-13 n availed a home loan for the same in june 13 n he is paying his emi from july 13. can he avail benefit u/s 80EE on interest paid by him?
Arul, your dad needs to fulfill some conditions for claiming 80EE.
This should be the only & first home in his name.
Value of the house should not more than 40 lakh.
THANKS SALONI.........
For claiming deduction under section 80EE one of condition is as below
For this purpose, loan should be sanctioned between 01.04.13 to 31.03.14
what does it means.
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