Brief on Tax deduction on Interest of Home Loan Under Section 80EE, w.e.f. 1-4-2014

First time individual homebuyers can get tax deduction on interest of home loan, under newly inserted section 80EE of the Income Tax Act, applicable for assessment year 2014-15. This is in addition to tax rebate on interest payment of home loan, under section 24. Eligibility for 80EE rebate This rebate on home loan interest is … Continue reading Brief on Tax deduction on Interest of Home Loan Under Section 80EE, w.e.f. 1-4-2014