Sri Snigdha (Articles Assisstant) (499 Points)
19 April 2022
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 19 April 2022
Below are the necessary conditions to be satisfied for claiming deduction u/s 80EEA apart from 80C. If you can satisfy them, then you can avail of the deduction.
- The loan should be sanctioned during the period 1st April 2019 and 31st March 2022.
- Stamp duty value of the house property should be Rs 45 lakhs or less
- The individual taxpayer should not be eligible to claim a deduction under the existing Section 80EE.
- The taxpayer should be a first-time homebuyer. The taxpayer should not own any residential house property as on the date of sanction of the loan.
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