80ee

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Ch. Sai Sudha Mohan (Querist)
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16 June 2014 Is the deduction under section 80EE is in addition to section 24. i.e. if the interest on housing loan taken during 2013-14 is 200000. can the assessee claim 1.50 lacs under 24 and balance 50k under 80EE

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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16 June 2014 No benefit of deduction u/s 80EE is not in addition to section 24. sub section (4) clearly provides that once a deduction under this section is allowed for any interest, no deduction shall be allowed in respect of such interest under any other provisions of the Act for the same or any other assessment year.

Ch. Sai Sudha Mohan

Ch. Sai Sudha Mohan (Querist)
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17 June 2014 Then is it similar to 24(b)

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