Mr. Mithun acquired a house property for ₹ 8 lakhs and paid stamp duty and registration fee of ₹ 80,000. He borrowed housing loan and repaid principal of. ₹ 60,000 and interest of ₹ 20,000. The amount eligible for deduct

CS Executive · Tax Laws and Practice · PYQS · December 2017
Mr. Mithun acquired a house property for ₹ 8 lakhs and paid stamp duty and registration fee of ₹ 80,000. He borrowed housing loan and repaid principal of. ₹ 60,000 and interest of ₹ 20,000. The amount eligible for deduction under Section 80C would be :
(A) ₹ 80,000
(B) ₹ 60,000
(C) ₹ 1,00,000
(D) ₹ 1,40,000

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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