house property

Mr. Akash is constructing a residential house property in Patna for self-occupation. He has taken a loan

of ₹ 40 lakhs from SBI on 30.3.2023 for this purpose. He pays interest of ₹ 2.50 lakhs during the P.Y.2023-

24. He repays ₹ 1.50 lakhs towards principal on 31.3.2024. The construction is completed in May, 2023.

The stamp duty value of the house is ₹ 46 lakhs. This is the only house property of Mr. Akash. For A.Y.

2024-25-

(a) Mr. Akash is entitled for deduction of ₹ 2 lakhs under section 24 and ₹ 1.50 lakhs under section

80C

(b) Mr. Akash is entitled for deduction of ₹ 2 lakhs under section 24, ₹ 50,000 under section 80EEA

and ₹ 1.50 lakhs under section 80C

(c) Mr. Akash is neither entitled for deduction under section 24 nor under section 80C. He is, however,

entitled for deduction of ₹ 1.50 lakhs under section 80EEA

(d) Mr. Akash is not entitled for deduction under section 24, section 80C and section 80EEA