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Which of the following deductions is available for interest on housing loan under Section 24(b)?

Practice Questions

1 question
Q1
Which of the following deductions is available for interest on housing loan under Section 24(b)?
  1. ₹1,50,000
  2. ₹2,00,000
  3. ₹1,00,000
  4. No limit

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following deductions is available for interest on housing loan under Section 24(b)?
Solution: Under Section 24(b), a deduction of up to ₹2,00,000 is available for interest on housing loan.
Steps: 4

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