i taken a home loan my interest portion is ₹ 2,10000/- and principal
₹ 100000/-
Can i claim ₹50000/- extra in sec 80EE
Over ₹ 200000/-
80EE Deduction
Raj kumar (111 Points)
26 May 2019
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 26 May 2019
Yes... You can if applicable all the condition as per previous query...
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183191 Points)
Replied 26 May 2019
Subham Sahu
(26 Points)
Replied 26 May 2019
Conditions to be Met for Claiming Deduction
Value of the house should be Rs 50 lakhs or less
Loan taken for the house must be Rs 35 lakhs or less
The loan must be sanctioned by a Financial Institution or a Housing Finance Company
The loan must be sanctioned between 01.04.2016 to 31.03.2017
As on the date of the sanction of loan, no other house property must be owned by you.
Value of the house should be Rs 50 lakhs or less
Loan taken for the house must be Rs 35 lakhs or less
The loan must be sanctioned by a Financial Institution or a Housing Finance Company
The loan must be sanctioned between 01.04.2016 to 31.03.2017
As on the date of the sanction of loan, no other house property must be owned by you.
Manish
(Student)
(190 Points)
Replied 28 May 2019
No 80 EE is applicable only if interest is exceed rs 200000 and balance up to 50000 and take as deduction us 80ee...
let say there is interest rs 310000..
now shall have to take exemption first us 24b rs 200000 and up to 50000 80ee..
let say there is interest rs 310000..
now shall have to take exemption first us 24b rs 200000 and up to 50000 80ee..
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