alleryStart learning →Self-occupied house, interest Rs 1,80,000 (cap Rs 2 lakh). Income under this head?
ALoss of Rs 1,26,000
BLoss of Rs 54,000
CLoss of Rs 1,80,000
DLoss of Rs 2,00,000
Answer & Solution
Correct answer: C. Loss of Rs 1,80,000
Annual value is nil, so no 30 per cent deduction applies and the interest of Rs 1,80,000 is fully within the cap, giving that loss.
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