Deduction u/s 24(b) and 80EE

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whether an assessee can claim deduction under section 24(b) and 80EE both after fulfilling conditions under both sections for A.Y 2018-19????
Replies (10)
yes.he can avail both..80EE is given in addition to 24(b)
also confirm deduction limit u/s 24(b) for A.Y 2018-19.. is it Rs 200000???
Yes.... 80EE & 24(b) both can be availed together as earlier one is given in addition to later one.
80EE-
₹50000 (subject to certain conditions provided u/s 80EE)
yes its ₹30000 in case of repairs and ₹ 200000 in any other case
it can be ₹30000 or ₹200000 as the case may be
This deduction is over and above the Rs 2 lakhs limit under section 24 of the income tax act. Read more about deduction of Rs 2 lakhs on interest on home loan here.

 
there is also written in sec 80ee that:

Under section 80EE[4], where a deduction under this section is allowed for any interest on loan taken for acquiring residential house property, deduction shall not allowed in respect of such interest under any other provisions of this Act for the same or any other assessment year..
@ unnati
scenario 1 : the total interest payments made towards borrowed capital is 200000 then the whole amount can be claimed under 24(b) but you cannot claim additional deduction of 50000 under 80ee since all the interest expenses have been exhausted in sec. 24(b) itself

scenario 2: the total interest payments made towards borrowed capital is 250000 then you can claim 200000 under 24(b) and 50000 under 80ee
now cleared the point.. thank u so much sir..
you are welcome mam


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