https://www.taxtmi.com/acts?id=17931 Section 80EE allows an individual to deduct interest payable on a loan from a financial institution or housing finance company taken for acquiring a residential house property, subject to conditions: loan sanctioned within the statutory sanction period, loan amount and property value not exceeding prescribed caps, and the borrower not owning any residential house property on the loan sanction date; the deduction is capped and, if allowed under this section, cannot be claimed under any other provision for the same or other assessment years. en-us Sun, 19 May 2013 15:51:18 +0530 Thu, 28 Aug 2025 12:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17931 Section 80EE allows an individual to deduct interest payable on a loan from a financial institution or housing finance company taken for acquiring a residential house property, subject to conditions: loan sanctioned within the statutory sanction period, loan amount and property value not exceeding prescribed caps, and the borrower not owning any residential house property on the loan sanction date; the deduction is capped and, if allowed under this section, cannot be claimed under any other provision for the same or other assessment years. Act-Rules Income Tax Sun, 19 May 2013 15:51:18 +0530 https://www.taxtmi.com/acts?id=17931