Deduction under 80C and 80 EE

Under 80C deduction upto 1.5lac of Principal amount repayment of loan will be available until loan is repaid 100%

Under 80EE interest deduction is available of not > 50k only if loan taken in 2016-17 and assessee should not own another HP and rest is as said by you.

You wont be able to claim 24(b) then

Deduction u/s 80C for principal repayment of home loan  up to Rs. 1,50,000 and interest payment upto Rs. 2,00,000 u/s 24 is allowable and 

Deduction of Section 80EE would be applicable only in the following cases:-

1. This deduction would be allowed only if the value of the property purchased is less than Rs. 50 Lakhs and the value of loan taken is less than Rs. 35 Lakhs.
2. The loan should be sanctioned between 1st April 2016 and 31st March 2017.
3. The benefit of this deduction would be available till the time the repayment of the loan continues.
4. This Deduction would be available from Financial Year 2016-17 onwards

Kamal its only for FY 2017-18 and not onwards 2016-17

Yes, but only of loan taken in 2016-17 and not thereafter