Section 80EE Benefit for Joint Property & Home Loan

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  1. navneetgtm03

    navneetgtm03 New Member

    Hello Sir/Mam

    we are going to purchase the under construction property whose total value is 55 Lac at Pune city.

    as per the latest budget info, we can get the tax exemption if we get the home loan in 2016-2017 time frame and whose value is less than 50 Lac and loan upto 35 Lac.

    since we will be taking the loan jointly (me and wife), the question regarding this are :

    1. Are we eligible for Tax benefits under section 80EE as per 2016-17 budget as first time home buyer since we are taking joint loan and property would be on joint name since property cost is 55 Lac ?
    2. How we can take the tax benefit as we registering the property as jointly ?
     
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