dear Expertz,
pl clarify the below;
Where we have to shown Interest on Housing loan in ITR-1 online/offline?
sec 80EE not appeared in ITR1.
pl advise ASAP.
1 Replies
Vishal Goel
(Chartered Accountant)
(1693 Points)
Replied 04 June 2016
Hello Sir,
Deduction u/s 80EE is not available for FY 2015-16...
The Finance Minister had announced a new section 80EE in the Finance Act, 2013. This section provided deduction on the Home Loan Interest paid by you and is valid for financial years 2013-14 & 2014-15 (Assessment year 2014-15 and 2015-16) only.
But this deduction is available for FY 2016-17..(Again allowed in recent Budget 2016.)
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