What is Section 80EEA — First-Time Home Buyer? — Meaning, Definition & Example
Definition
Section 80EEA (expired March 2022 but relevant for existing claims) allowed additional deduction of ₹1.5 lakh on home loan interest for first-time buyers if property stamp duty value was ₹45 lakh or less. This was over and above the ₹2 lakh deduction under Section 24(b).
A first-time buyer with ₹40 lakh flat could claim ₹2L (Sec 24b) + ₹1.5L (Sec 80EEA) + ₹1.5L (Sec 80C principal) = ₹5 lakh total home loan deductions.
🇮🇳 Section 80EEA — First-Time Home Buyer in Hindi / हिंदी में
धारा 80EEA — धारा 80EEA पहली बार घर खरीदने वालों के लिए होम लोन ब्याज पर ₹1.5 लाख की अतिरिक्त कटौती की अनुमति देती थी (मार्च 2022 में समाप्त)।
Section 80EEA (Hinglish) — Section 80EEA first-time home buyers ke liye home loan interest pe ₹1.5 lakh ki additional deduction thi. March 2022 mein expire ho gayi lekin existing claims valid hain.