FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Tax Deduction for First-Time Homeowners Section 80EE

Tax Deduction for First-Time Homeowners Section 80EE

Section 80EE, recently added to the Income Tax Act, provides first-time homeowners tax benefit of up to Rs.1,00,000.

Click here to read more.

Conditions to claim deduction under Section 80EE:
To claim this deduction:

  1. You must be a first-time home owner
  2. Your home loan does not exceed Rs. 25 lakhs
  3. The property value must not exceed Rs. 40 lakhs
  4. Loan must have been sanctioned between 1 April 2013 to 31 March 2014
  5. No other house is owned by the taxpayer on the date the loan is sanctioned

Both resident individuals and NRIs can claim this deduction. The I-T Department has not specified if the house should be self-occupied to claim this deduction.

Note that this deduction can be spread over two financial years – FY 2013-14 and FY 2014-15.

Tax Deduction for First-Time Homeowners Section 80EE

CAKARt

CAKART

At CAKART www.cakart.in you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit www.cakart.in and chat with our counsellors any time. We are happy to help you make successful in your exams.

Click here to download FREE CA CS CMA books.

Leave a comment

Your email address will not be published. Required fields are marked *