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Claiming Section 80EE for first-time homeowners


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    Piyush Aggarwal

    Joint home loan is 60 lacs between me and my brother in 50:50 ratio. Are we eligible for this additional 50000 exemption under section 80EE? Ideally according to 50:50 ratio, the home loan amount should be considered to 30 lacs each and hence under the loan amount limit of 35 lacs. Am I right?

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