Full understanding under 80EEA – Housing for all

[ad_1] Full understanding under 80EEA – Housing for all Budget 2019: Introduced in the 2019 Budget, Section 80EEA allows first-time home buyers to save an additional Rs 1.50 lakh per year on home loan interest expenses if they buy an ‘affordable property’. Deduction under section 80EEA exceeds Rs 2,00,000/-, which is the maximum permissible under section 24. (b). But the deduction under section 80EEA is linked to the cost of the house and is available on purchases up to Rs 45 lakh. The carpet area of ​​a residence determines its…