POSTED BY January 14, 2014 7:37 pm ONE COMMENTON
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.
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