AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 131 Topic 14 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 131 Topic 14 Discussion

GLO_CWM_LVL_1 Exam Topic 14 Question 131 Discussion:
Question #: 131
Topic #: 14

Pushkar completed the construction of a house property on 14.8.2008 with borrowed capital of Rs.800000 @ 12%. The loan was taken on 1.4.2006 and is still outstanding. The house was used for his own residence during the entire FY 10-11. Deduction U/S 24(B) for interest on borrowed capital for FY shall be


A.

150000


B.

30000


C.

96000


D.

134400


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