Section 80EE Income Tax Deduction for Interest on Home Loan | Section 80EE allows for income tax credits on a percentage of a home loan that is used by any financial institution. You may request a deduction of up to Rs 50,000 per fiscal year in accordance with this section. You can continue to claim this deduction until you repay the loan in full. Characteristics of the 80EE deduction Therefore, Eligibility Criteria: The deduction in this section is only available to individuals. This means that if you are a HUF, AOP, corporation, or any other type of taxpayer, you cannot claim any benefits under…
Sunday, March 16, 2025
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