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AAFM Exam GLO_CWM_LVL_1 Topic 4 Question 9 Discussion
Actual exam question for
AAFM's
GLO_CWM_LVL_1 exam
Question #: 9
Topic #: 4
[All GLO_CWM_LVL_1 Questions]
Topic #: 4
Puspinder Singh Ahluwalia took a housing loan on 1st. of June 2009 (EMI in arrear) of Rs. 50 lacs at a ROI of 10.75% p.a. compounded monthly for 12 years. He wants to know the deduction in taxable income he can claim u/s 24 of the IT act for the FY 2011 -12
Suggested Answer:
B
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