Deduction in respect of interest on loan taken for residential house property.

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Full Text of the Document

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....or the purpose of acquisition of a residential house property as per the provisions of this section. (2) The deduction under sub-section (1) shall not exceed fifty thousand rupees and shall be allowed in computing the total income of the individual for the tax year beginning on the 1st April, 2016 and subsequent tax years. (3) The deduction under sub-section (1) shall be subject to the following....