HORTICULTURE SCIENCE
FUNDAMENTALS OF HORTICULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Are you allowed to borrow tools to take home?
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Yes
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No
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Maybe
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None of the above
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Explanation:
Detailed explanation-1: -Loss from house property: When you own a self occupied house, since its GAV is Nil, claiming the deduction on home loan interest will result in a loss from house property. This loss can be adjusted against income from other heads.
Detailed explanation-2: -An individual can take a second home loan. Also, one can claim tax benefits on the second home loan. Let us see how. Deductions under section 80C: Home loan repayments consist of principal and interest.
There is 1 question to complete.