Is section 80eea introduced by closed benefits of section 80ee?
Menu
Direct tax - Deduction
Replies (1)
Under 80EE (3)(i)
The interest Deduction is in respect of -
The loan which has been sanctioned by the financial institution during the FY 2016-2017.
Under 80EEA(3)(i)
The interest Deduction is in respect of -
The loan which has been sanctioned by the financial institution during the FY 2019-2020.
So both sections are alive as far as deduction of interest is concerned. But only this - section applicability depends on FY in which loan is sanctioned.
The interest Deduction is in respect of -
The loan which has been sanctioned by the financial institution during the FY 2016-2017.
Under 80EEA(3)(i)
The interest Deduction is in respect of -
The loan which has been sanctioned by the financial institution during the FY 2019-2020.
So both sections are alive as far as deduction of interest is concerned. But only this - section applicability depends on FY in which loan is sanctioned.
Recent Threads
- Exemption from Penalty for delayed Board meeting
- TDS ON PROFESSIONAL FEES IN NON AUDIT CASE
- Penalty are applicable on short payment of GST
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
Related Threads
CAclubindia
