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Today General Knowledge(GK)
Husband and wife jointly borrowed a home loan in the ratio of 50 : 50. Wife enjoys full ownership of the house. Each can avail income tax rebate in the ratio of
A)
Ownership
B)
Borrowing
C)
Any one, at the borrower's discretion
D)
The respective assessee's income

Correct Answer : Option (B) - Borrowing


Published On : May 19, 2021
Category : Business and Economics
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