Is section 80eea introduced by closed benefits of section 80ee?
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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.
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