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What tax benefits are provided in India to boost housing finance?
  • a)
    INR. 30,000 can be availed as tax relief for house renovation work.
  • b)
    Interest payment up to INR. 200,000 per year can be written off from the gross income.
  • c)
    Principal paid is covered under section 80C while computing the income tax.
  • d)
    All of the above.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What tax benefits are provided in India to boost housing finance?a)INR...
In India, tax benefits are provided to boost housing finance. These benefits include INR. 30,000 tax relief for house renovation work, interest payment up to INR. 200,000 per year can be written off from the gross income, and the principal paid is covered under section 80C while computing income tax.
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What tax benefits are provided in India to boost housing finance?a)INR. 30,000 can be availed as tax relief for house renovation work.b)Interest payment up to INR. 200,000 per year can be written off from the gross income.c)Principal paid is covered under section 80C while computing the income tax.d)All of the above.Correct answer is option 'D'. Can you explain this answer?
Question Description
What tax benefits are provided in India to boost housing finance?a)INR. 30,000 can be availed as tax relief for house renovation work.b)Interest payment up to INR. 200,000 per year can be written off from the gross income.c)Principal paid is covered under section 80C while computing the income tax.d)All of the above.Correct answer is option 'D'. Can you explain this answer? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What tax benefits are provided in India to boost housing finance?a)INR. 30,000 can be availed as tax relief for house renovation work.b)Interest payment up to INR. 200,000 per year can be written off from the gross income.c)Principal paid is covered under section 80C while computing the income tax.d)All of the above.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What tax benefits are provided in India to boost housing finance?a)INR. 30,000 can be availed as tax relief for house renovation work.b)Interest payment up to INR. 200,000 per year can be written off from the gross income.c)Principal paid is covered under section 80C while computing the income tax.d)All of the above.Correct answer is option 'D'. Can you explain this answer?.
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