ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!


    Question

    How much deduction under section 24(a) of Income Tax Act

    is allowable with respect to Income under the head house property?
    A 20% of NAV Correct Answer Incorrect Answer
    B 30% of NAV Correct Answer Incorrect Answer
    C 50% of NAV Correct Answer Incorrect Answer
    D 10% of NAV Correct Answer Incorrect Answer

    Solution

    DEDUCTIONS FROM ANNUAL VALUE [SECTION 24]:

    • 30% of NAV is allowed as deduction under section 24(a)
    • Interest on borrowed capital is allowed as deduction u/s 24(b)

    Practice Next
    More Accounts Questions
    ask-question