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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 β‚Ή2,00,000 per annum, subject to conditions.

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