Kousik Madhavan 26 February 2021
Deepak Gupta (CA Student) 26 February 2021
Not possible as said in the example.
sub-section 4 to section 80EEA clearly says that, “Where a deduction under this section is allowed for any interest referred to in sub-section (1), deduction shall not be allowed in respect of such interest under any other provision of this Act for the same or any other assessment year.”
i.e. 80EEA Limit = Max. 1.5 lakh [over and above interest on borrowed capital u/s 24(b)]