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Deduction u/s 80EE - Deduction in respect of interest on loan taken for residential house property

Income Tax - Exemptions and Deductions - 14 - SECTION 80EE The deduction is available only to Individual not to HUF or other type of Assessee. The Deduction is available on interest payable on loan taken by the individual from any financial institution for the purpose of acquisition of a residential house property. The deduction shall not exceed 1,00,000 and shall be allowed for AY 2014-15 and in case where the interest payable is less than 1,00,00, the balance amount shall be allowed in AY 2015 .....

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