Regarding 80EE benefit If I have not yet taken possession of Under construction Property ?

POSTED BY alokchauhan1 ON January 14, 2014 7:37 pm ONE COMMENT

Need your help to know if 80EE benefit is applicable if I booked under construction flat in 2010 and still waiting for possession. There is home loan for that flat.

Now I purchased one more ready to move in flat and would like to know if I can use 80EE benefit for this ready to move in flat. It meets all other condition of 25L and 40L cap limit with loan sanctioned in FY 13-14.

Confusion is over if under construction property can be ignored for “1st residential property” condition to assume only Ready to Move in or under possession property is considered for this condition.

Regards, Alok

One reply on this article “Regarding 80EE benefit If I have not yet taken possession of Under construction Property ?”

  1. ashalanshu says:

    Dear Alok, in my personal opinion, you may avail 80EE benefit but please get it clarified with a Tax professional.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today