Section A (1 Mark)
EMH frequently include, among others, assumptions such as:

Section A (1 Mark)
Which of the following is an effective strategy in times of falling interest rates?

Section A (1 Mark)
In case of self occupied property, higher deduction u/s24(b) for interest on loan for construction can be claimed if borrowing was made

Section B (2 Mark)
A fixed-rate mortgage for Rs210 000 with monthly payments is amortized over 20 years. The interest rate is
4.85% compounded semi-annually for a 7-year term. How much of the mortgage principal has been repaid by the end of the 7-year term?

Section A (1 Mark)
Adjusted gross income is used in establishing limits on the following deductions, with the exception of