Choose the right answer Maximum allowable interest on housing loan on self occu

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Choose the right answer
Maximum allowable interest on housing loan on self occupied
property is
1.30000/- 2.100000/- 3.150000/-

Question Posted / satyaki_raju@yahoo.co.in

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Choose the right answer Maximum allowable interest on housing loan on self occupied property is ..

Answer / padmanabham

Rs 1,50,000

Is This Answer Correct ?

13 Yes

2 No

Choose the right answer Maximum allowable interest on housing loan on self occupied property is ..

Answer / sowmya

it depends ....
if all the follg.3 conditions are satisfied then max.
allowable amt.rs.150000 &the conditions are--
1.loan must be taken for purchase/construction
2.loan has to b taken on/after 1/4/1999
3.purchase/construction should get completedwithin 3yrs
from the end of the previous year(i.e 31/3) in which it is
taken

in all other cases max. deduction is rs.30000

Is This Answer Correct ?

3 Yes

2 No

Choose the right answer Maximum allowable interest on housing loan on self occupied property is ..

Answer / awatade

3000

Is This Answer Correct ?

1 Yes

0 No

Choose the right answer Maximum allowable interest on housing loan on self occupied property is ..

Answer / mudunoori

As Padmanabham answered Rs 150000 is the right answer