Can you please explain the section 80EE of Income tax ACT. What is the benefit of this section to the tax payer?
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Section 80ee
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Sir
Is there any extra benefit of section 80EE over the earlier rules?
80EE benefit is available only if the following conditions are satisfied
1.This deduction would be allowed only if the value of the property purchased is less than Rs. 50 Lakhs and the value of loan taken is less than Rs. 35 Lakhs.
2.The loan should be sanctioned between 1st April 2016 and 31st March 2017.
1.This deduction would be allowed only if the value of the property purchased is less than Rs. 50 Lakhs and the value of loan taken is less than Rs. 35 Lakhs.
2.The loan should be sanctioned between 1st April 2016 and 31st March 2017.
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