Hi
Your sanction date does not fall within the time limits specified under either of the sections 80EE (April 16 to March 17) and 80EEA (April 2019 to March 2021).
You can only claim interest deduction u/s 24.
Eligibility for deductions as per 80 EE or 80 EEA
Hi Sir/Madam, I have home loan of 60 lakhs from ICICI Bank for the appt I currently occupy. It was sanctioned in Dec, 2018. The total cost of appt was 65 lakh + 16 lakhs (undivided share) + GST Total built up area of the appt is 1649 sq feet. The estimated value of the apartment as per valuation certificate attached to the sale deed stamp paper is Rs 48 lakhs. Am I eligible for 80 EE or 80EEA deduction .
Asked 2 years ago in Income Tax
Not eligible for section 80EE or 80EEA. Avail benefit of interest on loan u/s 24(b).
Hello,
As per the details provided, you are not eligible for either 80EE or 80EEA. Interest deduction can only be claimed under Sec. 24.
Regards,
CA Hunny Badlani
Badlani & Associates
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