Section 80EEA of IT Act: Additional deduction of interest payment in respect of housing loan

CA Piyush Agarwal , Last updated: 25 January 2022  
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(Co-related with Section 80EE Section 24b of the Income Tax Act) A new Section 80EEA has been inserted by government to allow for an interest deduction from AY 2020-21 (FY 2019-20). The existing provisions of Section 80EE allow a deduction up to Rs 50,000 for interest paid by first-time home buy

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CA Piyush Agarwal
(CHARTERED ACCOUNTANT)
Category Income Tax   Report

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