Question

X takes a loan of ₹3,60,000 at 12.5 percent per annum for construction a house on June 10,2015. Construction of the house is completed on January 20,2018. Loan was repaid on 31-10-2020. Interest allowable for current assessment year 2021-22 is-
(A)Nil
(B) ₹45,000
(C) ₹9,000
(D) ₹30,526

Answer 1

Answer:

I think option (B) ₹45,000 is the right answer.

Explanation:

I hope it will help you

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