Deduction for interest on housing loan extended - available for loans sanctioned up to next year subject to eligibility conditions. Amendment expands the temporal eligibility for the deduction under Section 80EEA for interest on loans for acquisition of a residential house property by extending the loan sanction cut-off, while retaining other conditions: loan sanctioned by a financial institution, non-ownership of residential property at sanction, and a cap on the stamp duty value of the property.
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Provisions expressly mentioned in the judgment/order text.
Deduction for interest on housing loan extended - available for loans sanctioned up to next year subject to eligibility conditions.
Amendment expands the temporal eligibility for the deduction under Section 80EEA for interest on loans for acquisition of a residential house property by extending the loan sanction cut-off, while retaining other conditions: loan sanctioned by a financial institution, non-ownership of residential property at sanction, and a cap on the stamp duty value of the property.
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