alleryStart learning →Interest on a self-occupied house loan, section 24(b), under 115BAC
AIs not deductible
BDeductible to Rs 2 lakh
CDeductible in full
DDeductible in year one
Answer & Solution
Correct answer: A. Is not deductible
Section 24(b) interest on a property referred to in section 23(2) is excluded from the deductions allowed.
Keep practising Income Tax: Computation under Alternative Tax Regimes
Browse all Income Tax: Computation under Alternative Tax Regimes questions for CA Inter, or explore more Taxation topics.
Related questions
Donations to charity qualify for deduction under which section?Which section allows a deduction for health insurance premium?Interest paid on a student loan is deductible under which section?Which section provides for best judgement assessment?Which section covers scrutiny assessment?The penalty for concealment under section 271(1)(c) ranges overWhat share of tax is the 270A penalty when income is merely under-reported?Misreporting of income under 270A draws a penalty equal to what share of tax?