Sandeep purchased a house for his residential purpose after taking a loan in January, 2020. During the previous year 2020-21, he paid interest on loan ₹ 2,17,000. While computing income from house property, the deduction is allowable to the extent of:
A. ₹ 30,000
B. ₹ 1,00,000
C. ₹ 2,17,000
D. ₹ 2,00,000
Answer:D
Sandeep purchased a house for his residential purpose after taking a loan in January, 2020. During the previous year 2020-21, he paid interest on loan ₹ 2,17,000. While computing income from house property, the deduction is allowable to the extent of:
A. ₹ 30,000 B. ₹ 1,00,000 C. ₹ 2,17,000 D. ₹ 2,00,000