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Thursday, April 21, 2016

Income Tax Benefit For first Time Home buyer - Budget 2016-17,

By on Thursday, April 21, 2016

Budget 2016-17: Income Tax Benefit 

For first Time Home buyer - 

New *Section: 80EE

*Interest on housing loan allowed as deduction
*Cost of asset – Rs.50 lac

*Loan sanctioned – Rs.35 lac (01.04.16 and 01.04.17)

*Deduction /Tax Benefit  – Rs.50,000

*Assessee should not own any other residential  house property

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