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80EE and 24(b)

Noor Ahmed Khan (126 Points)

18 August 2018

For a salaried person taken home loan, exemption u/s 80ee and 24(b) can be taken together?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (166474 Points)
Replied 18 August 2018

Yes, provided sec. 80EE is applicable.

Conditions for eligibility of sec. 80EE ...

Only for the 1st house you have purchased
Value of this house is Rs 50 lakhs or less
Loan taken for this house is Rs 35 lakhs or less
Loan has been sanctioned by a Financial Institution or a Housing Finance Company
Loan has been sanctioned between 01.04.2016 to 31.03.2017
As on the date of sanction of loan no other house is owned by you

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