"We trust that you will avoid using harsh language and will refrain from making unsubstantiated allegations against individuals and firms. Your constructive feedback and opinions are very valuable to all of us in the industry. "
The efforts taken in preparing this article is very appreciable Present limit on interest on housing loan is 2 lks Under Sec 80GG the deduction is increased to 1/3 of rental income after deducting the property tax Exemption limit under sec 80E is increased to 1 lk per year up to 8 years of term Rental exemption has been modified to 60,000 for those who are not getting any HRA but for an self occupied house However one can check with an auditor for final confirmation as tax laws will be amended from time o time
Sir, The 80D exemption limit is INR25,000/- and not INR15,000/- as mentioned above.