Taxation payers who have drawn a home loan into the FY 2016-17 was indeed allowed to claim additional tax deduction of up to Rs fifty,000 lower than Area 80EE
To help you claim so it, there are particular conditions that need to be came across being as the follows:a)Housing loan have to be extracted from a lender such as for example lender otherwise homes monetary institution for buying a residential house assets;b)The home financing need to be removed between p really worth responsibility away from the house possessions shouldn’t exceed Rs forty-five lakh;d)The newest taxpayer cannot very own any residential property because the towards go out of sanction of one’s loan; ande)The individual taxpayer shouldn’t be entitled to claim deduction under the present area 80EE. Continue reading “For this reason, some one taking mortgage towards or immediately following will be unable in order to claim the deduction under this point”