Deductions from income from house property.

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..... or reconstructed with borrowed capital, the amount of any interest payable on such capital. (2) In case of property or properties referred to in section 21(6), the aggregate amount of deduction under sub-section (1)(b) shall not exceed- (a) two lakh rupees, subject to the following conditions:-- (i) the property has been acquired or constructed with borrowed capital and such acquisition or co .....

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..... (a) the amount of interest payable on capital borrowed; and (b) the interest payable on any new loan, where subsequent to the capital borrowed, the assessee has taken any such loan for repayment of whole or any part of such capital. (5) The aggregate of the amounts of deduction under sub-section (2) in respect of properties of the nature referred to in section 21(6) shall not exceed two lakh r .....

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