Please Help: INCOME TAX
Posted Date : 08-Mar-2013 , 05:19:31 pm | Posted By RAJENDRA MAL DAGA
IS INTEREST IS ALOWABLE U/S 24(b)ON LOAN TAKEN TO PAY TENANT TO VACATE PROPERTY FROM INCOME FROM HOUSE PROPERTY.AS PER ME IT SHOULD BE ALLOWED SINCE IT IT IS PAID TO ACQUIRE THE RENTED PROPERTY
Category : Income Tax | Answers : 1 | Comments : 0 | Hits : 150
Answers
Answer By: Vikky Kumar Jha
No, interest is not allowed.
Interest is allowable u/s 24(b)only if loan has been taken for purchase, construction, repair & renewal of House.
Interest is allowable u/s 24(b)only if loan has been taken for purchase, construction, repair & renewal of House.
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