In respect of two self-occupied properties of the assessee -
A. Net Annual Value is taken as Nil
B. Gross Annual Value is taken as Nil
TAX
C. Deduction of Municipal Taxes paid is allowed
D. There is no restriction on deduction of interest u/s 24(b)
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Mcq confusion between A and B
Replies (2)
Final answer is D
As there is limit of interest u/s 24(b) w.r.t Self-Occupied Property is Rs. 30,000 / 2,00,000 as the same may be .
However, there is no limit of interest in case of LET OUT PROPERTY .
Important Note : OVERALL LIMIT is RS. 2,00,000 (and not per property )
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