if I build a single floor house satisfying 80EE conditions then rebuild the second floor ,then can I claim principal and interest of second loan too?
since the new tax rules allow for second house.
3 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 20 October 2020
Yes you can
infact if you have taken home loan and you full filling the condition for 80EE
then also you can claim interest from 2 options as per the limit of the act.
infact if you have taken home loan and you full filling the condition for 80EE
then also you can claim interest from 2 options as per the limit of the act.
Shine
(Mechanical )
(215 Points)
Replied 21 October 2020
If so, can i build a 960 sq ft ground floor and claim 80EEA, Then rebuild and claim 80EE +principal under 80c and interest u/s 24?
Recent Topics
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
- FILING OF ITR AY 20-21
Related Threads
CAclubindia
