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Deduction limit on interest on home loan


22 April 2018 ITR 1 is auto calculating deduction limit on home loan under 80 EE. but limit is 200000. please clarify

22 April 2018 the limit is Rs 50000 only.....

22 April 2018 As per sec 80ee limit is allowed Rs 50k. Also it's applicable only to 1st time home buyers. The 2lakhs limit is applicable u/s 24... Please go to refer this link you can get some clarity about Home Loan related deductions... https://cleartax.in/s/deductions-under-section24-income-from-house-property https://cleartax.in/s/section-80ee-income-tax-deduction-for-interest-on-home-loan




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