Deduction under sec 24b

You can take additional deduction of upto rs 100000/- under 80EE for f.y.14-15 & 15-16 taken together after deduction under sec 24B.

in ITR-1 there is a place to fill income from house property. you can give negative value in that field and it will be assumed to be your deduction u/s 24b. in regard to sec. 80EE, it is an additional deduction of 1lakh in addition to deduction u/s 24b but subject to fulfillment of contitions mentioned in 80EE.

@ jainendra jain... a correction in your statement.... deduction is available for AY 14-15 and 15-16 and not FY.