Hello Friends,
I m Little bit Confused About New insertion of Section 80EE in income tax, as per this section a First time home buyer can take banefit of Rs. 100000 Interest paid by him on home loan, but there is already a section exist (Sec. 24) which provide 150000 Interest Tax benefit. Then how Sec 80EE is useful for an assesse. Because As per act its not additional benefit, i.e. if u use sec 80EE then no deduction shall be allowed in any other provision in respect of such interest.
Plz solve my query
CAclubindia
