Question
How much deduction under section 24(a) of Income Tax Act
is allowable with respect to Income under the head house property?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)
More Accounts Questions
A number is first increased by 35% and then decreased by 35%. If the net change in the number is 302.5, then find the original number.
24.99 × 32.05 + ? - 27.01 × 19.97 = 29.99 × 27.98
5999.93 ÷ 60.005 × 70.002 = ? × 24.9
15.63% of 174.99 + √? = 139.98% of 24.98Â
15.98% of 399.76 × 2.98 = ?% of 599.93Â
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
31.98% of 224.99 = 24.98% of ? + 9.91% of 499.99
What approximate value will replace the question mark (?) in the following?
? =...
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