https://www.taxtmi.com/article/detailed?id=6740 The Finance Bill, 2016 amends Chapter VI deductions: 80CCD exempts amounts received by a nominee on the assessee's death; 80EE permits an individual home loan interest deduction up to a capped amount for loans sanctioned in a defined one year window, subject to loan, property and non ownership limits and exclusivity with other provisions; 80GG raises the monthly rent deduction ceiling. New temporal exclusions are added to 80 IA and 80 IAB. A new 80 IAC grants start ups a 100% profit deduction for three years (selectable within five years) with formation and activity restrictions and clawback. 80 IBA gives 100% deduction for qualifying housing projects under detailed conditions. 80JJAA provides a percentage deduction for additional employee cost for three years, subject to anti avoidance, reporting and wage caps. en-us Fri, 11 Mar 2016 11:08:20 +0530 Fri, 11 Mar 2016 11:08:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6740 The Finance Bill, 2016 amends Chapter VI deductions: 80CCD exempts amounts received by a nominee on the assessee's death; 80EE permits an individual home loan interest deduction up to a capped amount for loans sanctioned in a defined one year window, subject to loan, property and non ownership limits and exclusivity with other provisions; 80GG raises the monthly rent deduction ceiling. New temporal exclusions are added to 80 IA and 80 IAB. A new 80 IAC grants start ups a 100% profit deduction for three years (selectable within five years) with formation and activity restrictions and clawback. 80 IBA gives 100% deduction for qualifying housing projects under detailed conditions. 80JJAA provides a percentage deduction for additional employee cost for three years, subject to anti avoidance, reporting and wage caps. Articles Budget - Tax Proposals Fri, 11 Mar 2016 11:08:20 +0530 https://www.taxtmi.com/article/detailed?id=6740