Insertion of new sections 80EEA and 80EEB.

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..... in house property. 80EEA. (1) In computing the total income of an assessee, being an individual not eligible to claim deduction under section 80EE, there shall be deducted, in accordance with and subject to the provisions of this section, interest payable on loan taken by him from any financial institution for the purpose of acquisition of a residential house property. (2) The deduction under sub- .....

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..... be allowed in respect of such interest under any other provision of this Act for the same or any other assessment year. (5) For the purposes of this section, (a) the expression financial institution shall have the meaning assigned to it in clause (a) of sub-section (5) of section 80EE; (b) the expression stamp duty value means value adopted or assessed or assessable by any authority of the Centra .....

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..... an has been sanctioned by the financial institution during the period beginning on the 1st day of April, 2019 and ending on the 31st day of March, 2023. (4) Where a deduction under this section is allowed for any interest referred to in sub-section (1), deduction shall not be allowed in respect of such interest under any other provision of this Act for the same or any other assessment year. (5) Fo .....

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