CA Inter doubt
false
Interest deduction of 30,000 in option 1 and why it is restricted to 30k
Asked by Kapil6 Aug 2025640 views
1 answer
Kussai · 6 Aug 2025
Please refer to section 24(b).......it clearly states some conditions where you can take deduction upto 200000 in sop......but when one of that condition is violated you'll only get deduction upto 30k The conditions : provided the construction/ acquisition of the house is completed within 5 years. And it is not taken for renovation or repairs Hope it helps :-)
Free app · 5 lakh+ learners
Ask your doubt in the Studycaller app
Read full notes, ask doubts, follow toppers and track your study hours — free on Android and iPhone.