Mr. Ahmed acquired a property in April, 2020 for Self-residential use. The loan interest payable to State Bank of India for the financial year 2020-21 amounts to ₹ 2,10,000. The amount eligible for deduction under section 24(b) is:
A. ₹ 30,000
B. ₹ 2,00,000
C. ₹ 2,10,000
D. 1 1,50,000
Answer:B
Mr. Ahmed acquired a property in April, 2020 for Self-residential use. The loan interest payable to State Bank of India for the financial year 2020-21 amounts to ₹ 2,10,000. The amount eligible for deduction under section 24(b) is:
A. ₹ 30,000 B. ₹ 2,00,000 C. ₹ 2,10,000 D. 1 1,50,000