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SUSHAN BANERJEE

My home loan was sanctioned on August 2017...can I claim 80 ee for fy 2018-2019 of 50000
Sumit Hedaoo

Under construction homeloan.
my house cost is around 65lacs and my loan value is also more than 40Lacs.
and this loan is joint home loan with my wife.
can we both take the benefit of 80EE deduction?
means if we both took the loan, so the value of house and loan will be 50% on both?
rahul

Hello Amlan,
For the 80EE we say the value should not be more than 50 lakhs and loan amount as 35 lakhs.
I have taken 35 lakhs loan and it sanctioned in November 2016 .
How do we calculate the value of the property ?What is the criteria to calculate that ?