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Get House loan interest deduction up to 3,50,000

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tax4wealth
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gepubliceerd op 30 Oct 2019 / In Muziek

Get House loan interest deduction up to 3,50,000
अब मिलेगी 3,50,000 तक की छूट
Budget 2019, Save Tax Up to Rs 109200


The union budget 2019 has introduced a new section 80EEA to extend the tax benefits of the interest deduction up to Rs 1,50,000.

Housing Loan Deduction, Increased From 200000 to 350000.

Analysis if both sec 24 and sec 80EEA is availed.

Analysis of New Section 80EEA if availed.

Conditions for claiming the deduction

1. Housing loan must be taken from a financial institution or a housing finance company for buying a residential
house property.
2. Loan should be taken between between 1st April 2019 to 31st March 2020.
3. House should be residential purpose and self occupied.
4. Stamp duty value of the house property should be Rs 45 lakhs or less.
5. The taxpayer should not own any residential house property as on the date of sanction of the loan.
6. The deduction under this section is available only to individuals

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