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AAFM Exam GLO_CWM_LVL_1 Topic 6 Question 19 Discussion
Actual exam question for
AAFM's
GLO_CWM_LVL_1 exam
Question #: 19
Topic #: 6
[All GLO_CWM_LVL_1 Questions]
Topic #: 6
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
Suggested Answer:
D
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