Can anyone answer whether the deduction of Rs.50,000/- U/S 80EE is available for the Financial Year 2017-18 (Assessment Year 2018-19), if yes, can you support your answer with any Circular issued by the DIT to that extent.
Thank you
Can anyone answer whether the deduction of Rs.50,000/- U/S 80EE is available for the Financial Year 2017-18 (Assessment Year 2018-19), if yes, can you support your answer with any Circular issued by the DIT to that extent.
Thank you
Yes, deduction of Rs. 50,000 is available for FY 2017-18 (AY 2018-19) subject to fulfillment of conditions. There is no Circular in this regard. This ammendment was made by the Finance Act, 2017.
Thank You Mr Ankit
You are welcome Lourdu Kishore Pragada
Hi Ankit, There is a pre-condition for this section that the loan sanction date should be between 1st April 2016 and 31st Mar 2017 (i.e. FY 16-17). So would this section be applicable if loan sanction date is after 1st April 2017 (i.e. FY 2017-18) ?
Shall be thankful to you for your suggestions.
Aggarwal Sarawagi and Co
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