Q. M took a loan of Rs. 6,00,000 on 1.2011 from a bank for construction of a house. The loan carries an interest @ 10% p.a. The construction is completed on 15.6.2013. The entire loan is still outstanding. Compute the interest allowable for the assessment year 2020- 21 (Solved)

1. Rs. 60,000

2. Rs. 1,80,000

3. Rs. 84,000

4. Rs. 24,000

  • c. Rs. 84,000
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