80ee

This query is : Resolved 

27 March 2014 can anybody explain about sec.80EE in simple word,

28 March 2014 For ay 14-15 and 15-16 additional 1lac shall be allowed as deduction for payment towards interest on loan taken for purchase of resudentsil HP in addition to 1.5lacs.

28 March 2014 Needless to sY that extra 1 lac would if available only if interest liability exceeds 1.5 lacs.


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