Interest on Housing Loan now eligible under New U/s. 80EE: Union Budget 2016

homeloanBy Accommodation Times Research Bureau

Deduction in respect of Interest on Loan –Sec. 80EE

This is a new section introduced in substitution of the existing section 80EE.

The section allows deduction of an amount not exceeding Rs.50,000/- in respect of

interest payable on loan taken by the assessee from any financial institution for the

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