First claim deduction in 24(b) under Income from House Property Schedule upto maximum interest of ₹200000.I'm first home buyer, my loan sanction year was 2021.
I want to know what are max deduction, I can claim expect 80C home loan interest?
Does 80EEA , 24b can be claim?
Please advice.
Is there any condition for 24b deduction?First claim deduction in 24(b) under Income from House Property Schedule upto maximum interest of ₹200000.
For the remaining interest above 2 lakh, you can claim deduction u/s 80EEA only if Stamp Duty Value of house purchased is not more than 45 lakh & you haven't taken loan from NBFC (These conditions must be fully satisfied to claim deduction under this section)
Maximum deduction under 80EEA is 150000.
NoIs there any condition for 24b deduction?