IT SOFTWARE 2021-22
Income tax software fy 2021-22
Calculation simple
With in minutes
Prepare as per tax rules
With new PRC ALSO
DOWNLOAD
BELOW
LINK SIMPLE
BEST OF LUCK
Additional deduction under Section 80EE
Additional deduction under Section 80EE is allowed to the home buyers for a maximum of up to Rs 50,000. To claim this deduction, the following conditions should be met:
The amount of loan taken should be Rs 35 lakh or less, and the property’s value does not exceed Rs 50 lakh.
The loan must have been sanctioned between 1st April 2016 to 31st March 2017.
And on the date of loan sanction, the individual does not own any other house, i.e. first-time house owner.
Section 80EE was reintroduced but is valid for loans sanctioned till 31st March 2017 only.
Additional deduction under Section 80EEA
To promote the housing sector, Budget 2019 has introduced an additional deduction under Section 80EEA for homebuyers for a maximum of up to Rs 1,50,000.
To claim this deduction, below mentioned conditions should be met:
The stamp value of the property does not exceed Rs 45 lakh.
The loan must have been sanctioned between 1 April 2019 to 31 March 2022 (extended from 31 March 2021)
On the date of loan sanction, the individual does not own any other house, i.e. first time home buyer.
The individual should not be eligible to claim deduction under Section 80EE if claiming deduction under this section.
CVPRASAD
Nice effort Mr.C.V.Prasad together with John Sundar Raju.
ReplyDelete