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difference between section 80ee and 24b

Others 16517 views 5 replies
difference between section 80ee and 24b
Replies (5)

In both the section one can claim deduction for interest paid on loan taken for house property.

Section 80EE deduction is over and above the Rs 2 lakhs limitunder section 24 of the income tax act. 

If you are able to satisfy conditions of both Section 24 and Section 80EE, both the benefits shall apply to you. First exhaust your limit under section 24 and then go on to claim the additional benefit under section 80EE. Therefore, this deduction is in addition to Rs 2 lakhs limit under section 24.

First you have tp c;aim section 24 then if amount remain unutilize then section 80ee will be efective

thanq for dis info.

IS IT NECESSARY TO FIRST EXHAUST THE LIMIT OF SEC 24 AND THEN USE LIMIT OF SEC 80EE?

If you are able to satisfy the conditions of both Section 24 and Section 80EE of the Income Tax Act, be quick to claim the benefits. First, exhaust your deductible limit under section 24, which is Rs. 2 lakh. Then go on to claim the additional benefits under section 80EE. Therefore, this deduction is in addition to the Rs 2 lakh limit allowed under section 24.


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