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    Question

    Which section of the Income Tax Act provides for a

    deduction of interest on a home loan for a self-occupied property?
    A Section 80C Correct Answer Incorrect Answer
    B Section 80D Correct Answer Incorrect Answer
    C Section 24(b) Correct Answer Incorrect Answer
    D Section 10(13A) Correct Answer Incorrect Answer

    Solution

    Under Section 24(b) of the Income Tax Act, deduction for interest on home loan for a self-occupied property is allowed up to ₹2,00,000 per annum, subject to conditions.

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