apo naa 2022 loan vanguna section 80EE tax benifit vanga mudiyatha?

@SMEDUTALK

2 жыл бұрын

Union Finance Minister Nirmala Sitharaman announced some major changes in budget 2022. In this budget, she didn't extended the additional income tax benefit being given to the home loan borrowers under Section 80EEA. So, from 1st April 2022, first time home buyers won't be able to claim income tax benefit on up to ₹1.50 lakh home loan interest payment under Section 80EEA of the Income Tax Act. A home loan borrower can claim income tax benefit under Section 80 EEA, if the home loan sanctioned in between 1st April 2019 to 31st March 2022. So, if a new borrower has received home loan sanction letter by 31st March 2022 and gets disbursal in current fiscal, he or she will be eligible to claim income tax benefit on up to ₹1.50 lakh home loan interest paid in one financial year under Section 80EEA. Rebate under Section 80EE is available only to those individual borrowers whose loan was sanctioned between 1 April 2016 and 31 March 2017. You can't avail it now.

Very clear explanation! Thank you. Keep it up..

@SMEDUTALK

2 жыл бұрын

Thanks, will do!

Thank you sir for awareness to public, about home loan benefits.

@SMEDUTALK

2 жыл бұрын

My pleasure.

Much superb explanation

@SMEDUTALK

2 ай бұрын

Glad you liked it

@anujk7086

2 ай бұрын

Yes sir, intha maari oru explanation thaan was searching, you clearly defined with table explanation.

@SMEDUTALK

2 ай бұрын

Glad it was helpful

But real estate is very highly valued over and above primemum prices, in real term is waste to get home loan.

Sir Anna and thambi 2 Peru nama la housing loan irutha apply pana mudiyama

I heard the loan sanctioned date criteria got extended but not sure, could you clarify whether am i eligible for my loan sanctioned by dec-2021 under sec80EEA?

@SMEDUTALK

2 жыл бұрын

Never proceed with oral information. If you have any written document, you can proceed. Because you need to keep the proof with you while filing the ITR.

Hi sir, my parents have a house loan for tenure 15 years. Now We are planning for loan takeover from one to another bank. During this takeover I want to join as co-borrower of loan. In this case whether the property must be under both of us name? Or is it fine to have property under one name?

@SMEDUTALK

2 жыл бұрын

Oh yes, you can add your name as co-applicant of the loan. For that, there is no need to be a co-owner of the house. Moreover, I suggest you watch this video to pay off your loan early; Six ways to pay off your home loan quickly? (Tamil) | How to reduce home loan interest? kzread.info/dash/bejne/nGtrlbJsZdeWdZs.html

How this year are decided? So for fy 21-22, we will get announcement later sir, plz clarify

@SMEDUTALK

2 жыл бұрын

The year at which you get the loan is taken into account for tax benefit.

Sec 80EE and 80EEA ku 1st time house vangirukanuma ila already loan la house vangi athu sale panitu.. vera house ilama ipa house vangi iruntha itha use panalama..?

@SMEDUTALK

2 жыл бұрын

FIRST TIME HOME BUYERக்கு மட்டும்தான் இந்த சலுகை.

My brother (owner)and I (co-owner)took home loan. Shall we claim full amount (interest and principal) individually?

@SMEDUTALK

2 жыл бұрын

Yes, you can claim. I have explained this in the video (around 8:50min).

sir vaadaga veetukku tax limit 2 lakhs kidayadha ? No limit, appadina puriyala.. kindly explain

@SMEDUTALK

Ай бұрын

You can claim the entire interest paid on the home loan for the let-out property during the financial year. There's no limit (like 2 lakhs) on the amount deductible, unlike self-occupied properties.

Property value 45 laksh irukanum nu soninga ithu including land value va.. ila only house value va..

@SMEDUTALK

2 жыл бұрын

The amount mentioned in the sale deed or sale agreement. It must include land value. Because, we can't buy a house without its underlying land.

I bought a house in my wife name and took home loan with my wife name but bank forced to join my name as co borrower so how much benefit may I have and one more think section 80ee/80eea not applicable because of loan sanction date is not in the specified period

@SMEDUTALK

2 жыл бұрын

As per rule, property and loan must be owned by both. But, I see, in practice, most persons are claiming the double benefit, if the loan is owned by both. Because as an IT proof, the borrowers have to submit PROVISIONAL STATEMENT FOR CLAIMING DEDUCTIONS UNDER SECTIONS 24 (b) & 80C(2) (xviii) OF THE INCOME TAX ACT, 1961 only. No need to submit a copy of sale deed.

@Ranjithkumar02

2 жыл бұрын

@@SMEDUTALK thanks for your reply I got clear idea thank you so much...

@SMEDUTALK

2 жыл бұрын

@@Ranjithkumar02 Glad it helped to you

Thanks for the explanation sir. Oru chinna doubt. House property Amma per la iruku, but naan dha emi pay panitu iruken monthly. Ennala tax claim Panna mudiuma sir?

@SMEDUTALK

2 жыл бұрын

You can claim, if you are the applicant or co-applicant of the home loan.

@viswa2827

Жыл бұрын

@@SMEDUTALK sir same scenario for me . I'm paying the home but the house is registered in my father's name.. can i avail the tax exemption?

@SMEDUTALK

Жыл бұрын

@@viswa2827 Same answer. You can claim if you are the applicant or co-applicant of the home loan. Here, your father is the owner of the house (because the house is registered in his name). The applicant/co-applicant need not be an owner.

@viswa2827

Жыл бұрын

@@SMEDUTALK awesome bro let me try if this wil work.. is there any video you hav uploaded that states all the documents needed for claiming tax benefits on housing loan? Like interest certificate and wat else?

@SMEDUTALK

Жыл бұрын

@@viswa2827 You need a PROVISIONAL STATEMENT ( FOR CLAIMING DEDUCTIONS UNDER SECTIONS 24 (b) & 80C(2) (xviii) OF THE INCOME TAX ACT, 1961). It shows the total principal and total interest paid/payable in the concerned financial year.

Sir ,engaluku village la oru house eruku, epa nanga chennai la home vankina emi interest tax benefits pera mudiuma.

@SMEDUTALK

7 ай бұрын

Tax benefits பெற முடியும்.

Joint namela home loan 2020 April vangi erundha, 80 EEA claim pana mudiuma?

@SMEDUTALK

Жыл бұрын

A home loan borrower can claim income tax benefit under Section 80 EEA, if the home loan sanctioned in between 1st April 2019 to 31st March 2022. To claim this benefit, you must be either an applicant or a co-applicant of the home loan.

80 eea section live or not

Sir - are you available for pay basis consultancy.

@SMEDUTALK

2 жыл бұрын

Sorry sir, I'm not doing it as of now.

They will be transferred the interest amount to same account

@SMEDUTALK

2 жыл бұрын

May I know, what are you trying to say?

Bro byjus loan epdi stop panradhunu sollunga bro pls pls pls

@SMEDUTALK

2 жыл бұрын

எந்தவொரு லோனும் அது கட்டி முடித்தால்தான் stop ஆகும். Bijus பிடிக்கவில்லை, அதிலிருந்து விலக வேண்டும் என்றால் அவர்களிடம்தான் பேச வேண்டும்.

Bro house vanga loan vanguna mattuma illa loan vangi house kattunalum use pannalama

@SMEDUTALK

Жыл бұрын

Home loan வாங்கினால், அந்த பணத்தை வீடு கட்ட/வாங்க மட்டுமே பயன்படுத்த முடியும்.

Bro home loan disbursal date 28 feb 2019_section 80EEA panlama

@SMEDUTALK

8 ай бұрын

No

@yuvanbharathi2006-ly9cs

8 ай бұрын

​@@SMEDUTALK vera ethum option irukka bro.

80EEA This section now live la irukka sir

@SMEDUTALK

Ай бұрын

Yes, but the deduction can be claimed for home loans sanctioned by financial institutions between 1st April 2019 and 31st March 2022.

Is 1crore property eligible for 80EE/80EEA?

@SMEDUTALK

2 жыл бұрын

No