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    Question

    Under which section of the Income Tax Act can an

    individual claim a deduction for interest paid on a housing 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
    E Section 44AD Correct Answer Incorrect Answer

    Solution

    Deduction for interest on housing loan for a self-occupied property is available under Section 24(b) of the Income Tax Act, subject to a maximum of ₹2 lakh per annum.

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