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80ee

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(Querist)
27 March 2014 can anybody explain about sec.80EE in simple word,
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pranav

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pranav (Expert)
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.
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pranav

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pranav (Expert)
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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