https://www.taxtmi.com/forum/issue?id=108857 Section 80EE permits an individual to claim a capped deduction for interest on a home loan taken for acquisition or construction where the loan sanction date, loan amount, house value ceiling and single property ownership conditions are satisfied. The deduction is limited to the statutory ceiling for the assessment year; if interest in an earlier year is below that ceiling, the balance may be allowable in the subsequent year. Interest claimed under Section 80EE cannot be claimed again under other interest deduction provisions for the same amounts or assessment years. en-us Tue, 07 Jul 2015 09:46:49 +0530 Thu, 23 Jan 2025 15:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108857 Section 80EE permits an individual to claim a capped deduction for interest on a home loan taken for acquisition or construction where the loan sanction date, loan amount, house value ceiling and single property ownership conditions are satisfied. The deduction is limited to the statutory ceiling for the assessment year; if interest in an earlier year is below that ceiling, the balance may be allowable in the subsequent year. Interest claimed under Section 80EE cannot be claimed again under other interest deduction provisions for the same amounts or assessment years. Discussion-Forum Income Tax Tue, 07 Jul 2015 09:46:49 +0530 https://www.taxtmi.com/forum/issue?id=108857