3 Scenarios : Section 80EE Can Provide Extra Rs 1 Lakh Deductions !

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Section 80EE of the Income Tax Act is a new provision allowing deduction upto Rs 1 lakh from gross total income for interest on home loanĀ  . The provision is effective for Assessment Year 2013-14 (FY 2013-14) and the various conditions for application of this provision show that legislature primarily intended to provide additional tax…

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