80ee

This query is : Resolved 

13 March 2014 Will the deduction of 80EE available in the following case:

Two home loans are availed:
Rs 24 lakh for aquisition
Rs 3 lak for renovation

Both the loans are santioned between April 2013 to March 2014

Also value is less than 40 lakh.

13 March 2014 the loan for renovation should not be covered under 80ee. however interest paid on it can be deducted under 24(b)

13 March 2014 thank alot sir
it will help me alot in calculation of advance tax


13 March 2014 you are welcome Sonika



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