Jan 23, 2025Home Ally
What is Section 24 – Income Tax Deductions from House Property
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Frequently Asked Questions
What is the maximum income tax deduction under Section 24?
Ans: Under Section 24 income tax, the maximum deduction is ₹2,00,000 for self-occupied properties and no cap for rented ones, subject to conditions.
Who can claim Section 24 income tax benefits?
Ans: Anyone with a house property, self-occupied or rented, can claim income tax deduction under Section 24, meeting the specified criteria.
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