Home › CA Inter › taxation › Income from House Property › If a self-occupied house was acquired with a loa…
If a self-occupied house was acquired with a loan but construction was not completed within the prescribed period, the interest deduction is limited to:
A₹30,000
B₹2,00,000
Cnil
D₹1,50,000
Answer & Solution
Correct answer: A. ₹30,000
If construction isn't completed in time, SOP interest is limited to ₹30,000.
Related questions
Municipal value, fair rent and standard rent are all relevant for computing the:Rent from a vacant plot of land (with no building) is taxable under the head:Arrears of rent received are taxable after a deduction of ___ under Section 25A:Income from subletting a property by a tenant is taxable under the head:The annual value of a property held as stock-in-trade and not let out is, for a specified Gross Annual Value of a let-out property is the higher of expected rent and the:Interest on a loan taken for a let-out property is:A person who is treated as the owner of a property though not the legal owner is a: