The amount of interest on borrowed capital allowable as deduction in case of a let out property is

A. The actual amount of interest

B. Rs.30,000

C. Rs 30,000 or Actual amount which ever is lower

D. Rs.1,50,000

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  1. PAN is necessary for the following assessees -
  2. The Income Tax Act 1961 came into force on
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  4. Expected Rent can be determined in the following way
  5. If a self occupied property is converted into HUF property without adequate consideration then
  6. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
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  9. Assessment year 2006-07 commenced on
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  12. Income of minor child, if clubbed with income of parents, is exempt from tax up to
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  17. TDS, in case of salary should be deposited within
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  26. The CBDT consists of
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