Section 80EE: Income Tax Benefit on Interest on Home Loan (First Time Buyers)

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  1. Vijay Kolekar

    Vijay Kolekar New Member

    Hi,

    I am a first time home buyer. My loan application was sanctioned on 16-Feb-2016.
    Will I be able to claim additional Deduction of Rs. 50,000 for Interest on Home Loan under section 80EE?
    The value of my property is less than Rs. 50 (38) Lakhs and the value of loan taken is less than Rs. 35 (32.51) Lakhs.
    If not, what shall I do to claim the same?

    --
    Regards,
    Vijay Kolekar
    Mobile: 9620809194
     
  2. V K Khanna

    V K Khanna Active Member

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