Difference between Section 80EE and you will Point 24(b): The fundamental difference between Section 80EE and you may Section 24(b) of your own Act is the fact that provisions out of Area 80EE will bring additional rescue / deduction interesting repaid towards residential home possessions compared to the Section 24(b) of one’s Work.

Part 80EEA: Appeal towards financing taken getting domestic domestic property:

The advantage of Part 80EE of the Act is limited so you’re able to financing sanctioned inside the FY 2016-17. In order to remain incentivizing the fresh new sensible housing industry underneath the objective of Houses for all and allow home buyers to have lowest-costs finance from the his fingertips, the government from Asia delivered the Point 80EEA of the Work vide Loans Act 2019.

Brand new section will bring additional deductions towards mortgage interest to own very first-day homeowners away from Rs.step one,fifty,000. (más…)