Please Help: INCOME TAX
Posted Date : 08-Mar-2013 , 05:19:31 pm | Posted By: RAJENDRA MAL DAGA
Category :
Income Tax | Answers :
1|
Comments :
0| Hits: 215
|
|
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 |
 |
|
|
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.
|
|
|
|
|
|
|
