In case of a self-occupied property, how much of interest on housing loan can be claimed as deduction?

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..... are satisfied, then the limit in respect of interest on borrowed capital will be Rs.2,00,000: ➣ Capital is borrowed on or after 1-4-1999. ➣ Capital is borrowed for the purpose of acquisition or construction ( i.e., not for repair, renewal, reconstruction). ➣ Acquisition or construction is completed within 5 years from the end of the financial year in which the capit .....

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..... nditions: ( a ) the loan should be sanctioned by the financial institution during the period beginning on the 01-04-2016 and ending on 31-03-2017; ( b ) the amount of loan should not exceed Rs. 35 lakhs; ( c ) the value of residential house property should not exceed Rs. 50 lakh; and ( d ) the assessee should not own any residential house property on the date of sanction of .....

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..... roperty on the date of sanction of loan; and ( d ) The assessee should not be eligible to claim deduction under Section 80EE . Hence, an individual who does not meet the criteria of Section 80EE shall now be eligible to claim deduction under Section 80EEA ​ of up to Rs. 150,000 in addition to deduction under section 24(b) . - Manuals - Ready reckoner - Law and practice - Ref .....

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