Mr. Mithun acquired a house property for, ₹ 8 lakhs and paid stamp duty and registration fee of ₹ 80,000. He borrowed housing loan and repaid principal of ₹ 60,000 and interest of₹ 20,000. The amount eligible for deduction under Section 80C would be:
A. ₹ 80,000
B. ₹ 60,000
C. ₹ 1,00,000
D. ₹ 1,40,000
Answer:B
Mr. Mithun acquired a house property for, ₹ 8 lakhs and paid stamp duty and registration fee of ₹ 80,000. He borrowed housing loan and repaid principal of ₹ 60,000 and interest of₹ 20,000. The amount eligible for deduction under Section 80C would be:
A. ₹ 80,000 B. ₹ 60,000 C. ₹ 1,00,000 D. ₹ 1,40,000