Question ID :
39277
80EEA and 80IBA Budget Changes_2019
As per Section 80EEA, Rs 1.50 lacs deduction is allowed if:
(a) loan sanctioned during 2019-2010
(b) value upto Rs 45 lakhs
(c) assessee's first residential HP.
Now, is there any condition of carpet area i.e. property is limited to 60/90 sq meter carpet area under section 80EEA.
Posted by
Shobhit Bansal
on
Jul 08, 2019
Filed Under
DIRECT TAXES
Answer ID :
78997
No such condition appears in the finance bill.
Posted by
SIVADAS CHETTOOR on
Jul 08, 2019
Answer ID :
78998
Carpet area condition u/s. 80IBA is applicable to housing projects. U/s. 80EEA, there is no such condition.
Posted by
CA PRADEEP C B on
Jul 08, 2019
Answer ID :
79005
no such limit is fixed.
Posted by
CA. VENKITARAMAN K V on
Jul 10, 2019