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New Section Replaces 80EE: First-Time Homebuyers Can Deduct Up to Rs. 50,000 on Loan Interest with Conditions.

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....Substitution of new section for section 80EE - Deduction in respect of interest on loan taken for residential house property. - a deduction for those who buy residential house property for the first time, in respect of interest on loan taken from any financial institution upto fifty thousand rupees subject to other conditions specified therein.....

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