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80ee deduction

Nimish (B.com) (53 Points)

09 December 2014

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. Please help

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12 Replies

Ankit (Student) (661 Points)
Replied 09 December 2014

This means loan should be credited in ur bank a/c in this period.

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yogita (student) (28 Points)
Replied 09 December 2014

It means agr apka loan is period ke doran liya gya h nd utilise kiya gya h tbi u gt the deduction

Pallavi (CA) (39 Points)
Replied 09 December 2014

It means that the loan repayment made is eligible for deduction u/s 80EE only if the loan is sanctioned between 1-4-2013 to 31-3-2014.

gowri srinivas (Student CA Final ) (47 Points)
Replied 09 December 2014

It means that the loan amount should be sanctioned between the period (i.e. 1/4/2013 to 31/03/2014) only eligible for deduction u/s.80EE, if the loan is sanctioned before or after that period, then the same should not be eligible for deduction u/s.80EE(repayment of loan)

komal sharma (student) (72 Points)
Replied 09 December 2014

Loan should be sanctioned means loan has been disbursed I.e. amont has been recieved by borrower.

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Arif Ali (Apt Co Advisory) (1230 Points)
Replied 09 December 2014

loan should be sanctioned between this period. Mean laon agreement should be signed between this period, even if loan amount is received after this period into your bank account.

Sirajahmed Shaikh (Student CA IPC / IPCC) (41 Points)
Replied 09 December 2014

-for individual not for Huf or Firms. -period for loan sanctioned 01-04-2013 to 31-03-2014. -value of the house not more than 40 lakhs. -loan should not be more than 25 lakhs. two A.Y are available for taking deduction u/s 80EE for Interest on housing loan for the resident purpose.

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M.NAGESWARARAO (G.M.(FINANCE)) (37 Points)
Replied 10 December 2014

Enter comment here

rahul (student) (22 Points)
Replied 10 December 2014

It means that deduction u/s 80EE is allowed only if loan amount is sanctioned within this period.

*RENU SINGH * (✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ ) (21627 Points)
Replied 10 December 2014

Originally posted by : Arif Ali
	loan should be sanctioned between this period. Mean laon agreement should be signed between this period, even if loan amount is received after this period into your bank account.