WebJan 9, 2024 · In India, the Section 80EEA of the Income Tax Act helps first-time home buyers with an extra facility of relaxation in the income tax . As per the Section 80EEA income tax … WebFeb 1, 2024 · Efiling Of Returns Gst Services All business registration & migration E-Filing payment and compliance Legal opinion on business transaction Representation to state and central govt. authorities Advisory and support services on export of goods Training to clients to mitigate non compliance loss ESI SERVICES Expert assistance Complete online process
Section 80 EE and Section 80EEA Tax Deduction
WebApr 5, 2024 · Section 80EE: Deduction on the interest of a home loan under this section is available. The maximum deduction available as per this section is Rs. 50,000/- subject to … WebSection 80EEA of Income Tax Act The Finance Bill of 2024, has proposed a new deduction under Section 80EEA as per this rule, the interest paid on housing loan which is taken … dataset find benchwork
Section 80E - Tax Deduction for Interest on Education Loan
WebUnder Section 80EEA, first-time home buyers investing in affordable homes in India get Rs 1.50 lakh income tax deductions on home loan interest payment. The benefits of Section … WebJan 11, 2024 · Terms and conditions for home buyers to avail of benefits under Section 80EE 1. The purchaser must be a first-time home buyer. 2. The property value must not exceed Rs 50 lakhs and the loan value should be up to Rs 35 lakhs. 3. Deductions can only be claimed if the loan is borrowed from a financial institution. WebAug 30, 2024 · Section 80EEA was introduced as part of the Income Tax Act in the budget session of 2024. The objective of this section was to make housing loans more affordable by allowing tax benefits through interest on home loan deduction. The maximum home loan interest tax benefit available under Section 80EEA is Rs. 1,50,000. bitsy blossom baby shoes