Budget 2013: Additional 1 Lakh exemption on Home Loan U/S 80EE

Union Budget 2013

I have written earlier that this budget 2013 did not tinker much with income tax rates but thankfully has given incentive to buy your first house. The new section 80EE: Until now you could claim deduction on interest of your home loan to maximum of Rs 1.5 lakhs every year [under sec 24 of Income …

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