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)
Menu
Mcq confusion between A and B
Replies (2)
Quick Summary
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 )
Recent Topics :
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
Related Topics :
CAclubindia
