80ee
This query is : Resolved
Ch. Sai Sudha Mohan
(Querist)
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
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
(Querist)
17 June 2014
Then is it similar to 24(b)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- Capitalgain tax purposes for valuation report compulsory
- SALARY CAN BE CAPITALIZE
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
