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deduction of Section 80EE

Income Tax - Started By: - mahesh sharma - Dated:- 7-7-2015 Last Replied Date:- 11-7-2015 - Mrs. X has applied for home loan and the same was sanctioned in the month of 06/2013 for construction of new house. First installment of the same received in the same month. This is the only property Mrs X held. She is Govt. Teacher and assessed to income tax. In the year 2013-14 around 64000/- interest paid. Certificate to be obtained from the bank. EMI for loan re-payment started from April 2014. During .....

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5 already submitted online and assessment order received. In this year ₹ 39800/- (approx) paid as income tax. Not claimed any deduction of interest on home loan in this AY. Now, I came to know that in addition to deduction entitled under Section 24B, section 80EE allowing deduction in respect of interest on loan taken for residential house property applicable for the assessment year 2014-15 and 2015-16 subject fulfillment of following conditions: Assessee is an individual - Yes. He has tak .....

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