Mr X took a housing loan from a nationalized bank on 31.3.2010 for carrying out repairs to hisself occupied property and the repairs were carried out within one year from the date of loan.He also got a certificate from the bank to the effect that the interest payable on such loan wasRs.1,80,000. How much interest is allowable under sec. 24(b) in computing income from house property for the AY 12-13 if the property is SOP?
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given that sec a -1/ sec a +1 =1-cos a/ 1+ cos a to prove LHS=RHS
now, sec a = 1/cos a so, (1/cos a-1) / (1/cos a+ 1)
==( 1-cos al cos a) / (1+cos a /cos a)
== 1-cos a / 1+cos a = RHS
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