https://www.taxtmi.com/acts?id=37027 Section 80EEA allows an interest deduction for individuals (not eligible under section 80EE) on loans from financial institutions for acquiring a residential house property, capped at one lakh and fifty thousand rupees and subject to conditions on loan sanction period, stamp duty value ceiling and non ownership of residential property at sanction; such deduction is exclusive of other interest deductions. Section 80EEB allows a similar capped interest deduction for loans to purchase an electric vehicle, subject to a defined sanction period and definitions of electric vehicle and financial institution, and is mutually exclusive of other interest deductions. en-us Wed, 24 Jul 2019 16:27:00 +0530 Wed, 24 Jul 2019 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37027 Section 80EEA allows an interest deduction for individuals (not eligible under section 80EE) on loans from financial institutions for acquiring a residential house property, capped at one lakh and fifty thousand rupees and subject to conditions on loan sanction period, stamp duty value ceiling and non ownership of residential property at sanction; such deduction is exclusive of other interest deductions. Section 80EEB allows a similar capped interest deduction for loans to purchase an electric vehicle, subject to a defined sanction period and definitions of electric vehicle and financial institution, and is mutually exclusive of other interest deductions. Act-Rules F. Acts / Amendment Acts Wed, 24 Jul 2019 16:27:00 +0530 https://www.taxtmi.com/acts?id=37027