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