Section 80EEA of The Income Tax Act

[ad_1]

Are you looking for an additional deduction under Section 80EEA or are you confused about what section 80EEA of income tax is about and what are the 80EEA exemptions? Don’t worry, we are here to answer all your questions and will make sure the meaning of section 80EEA is clear to you. Learn about the deductions, its eligibility and the condition for availing the benefits under section 80EEA of the Income Tax act.

income tax act

Can Taxpayers Claim Deduction Under Section 80EEA in 2023?

As of April 1, 2022, individuals who have been granted housing loans are no longer eligible to claim deductions under Section 80EEA. The benefits provided under this section were discontinued on March 31, 2022. Consequently, any housing loans sanctioned after this date will not qualify for the tax deduction benefits previously available under Section 80EEA. It is important for individuals to be aware of this change in order to make informed decisions regarding their housing loan applications.
Read: Demystifying TDS on Commission under Section 194H of the Income Tax Act

Book Best Packers & Movers with Best Price, Free Cancellation, Dedicated Move Manager

Get Rental Agreement With Doorstep Delivery, Super Quick & Easy

This is third

This is third

This is fourth

This is fourth

This is fifth

This is fifth

This is six

This is six

This is seven

This is seven

This is eight

This is eight