Deduction under sec 80 C & 80 EE For HBL

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  1. Arnab2016

    Arnab2016 New Member

    I had availed of a Housing Loan of Rs. 16 lakhs, and the same was sanctioned on Feb 2016. The property was registered and the stamp duty and registration fee was paid on March 2016.
    My query is, will I get deduction under 80 C for the stamp duty and registration charges in Financial year 2016-17, and deduction of 50,000 under 80 EE in the financial year 2016-17. I am a first time house buyer.
     
  2. V K Khanna

    V K Khanna Active Member

    You can claim deduction under 80C for stamp duty and registration charges paid during the FY 2015-16.
    80EE benefit is effective from 1.4.2016 in respect of home loans sanctioned during the FY 2016-17. Since you have taken loan in Feb 2016, you cannot avail tax benefit under 80EE.
     
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