09 January 2014
Difference between the benefit under u/s 24 for interest paid on borrowed capital upto Rs 150000/- for self-occpied property or let out property after possession/completion or acquisition or purchase entire FLAT/BUILDING or after completion of construction and then possession by self and only PURCHASE OF FLAT and Interest on Loan from Bank/Finanicial Institution which u/s 80EE upto Rs 100000.00
Can an employee both Interest or if not any one, what is basic difference between two Section to get the deduction from GROSS SALARY. Whether Repayment of Principal can be done under Sec.80CCE and Interest can be claimed upto Rs 100000/- u/s 80EE provided total loan with within Rs 25.00 lakhs.
What are cicumstance,both deduction under both sec.can be claimed.
CAclubindia
