Can interest paid on loan provided by holding company to subsidiary company for vacating the tenants of the residential premises be claimed by the subsidiary company u/s.24(b)????
Kamlesh V Trivedi (Accounts Manager) (37 Points)
12 December 2011Can interest paid on loan provided by holding company to subsidiary company for vacating the tenants of the residential premises be claimed by the subsidiary company u/s.24(b)????
Roshan A
(Chartered Accountant)
(458 Points)
Replied 12 December 2011
Interest u/s 24(b) is only for Interest paid against Construction of the house property & not for vacating the tenants
amit agarwal
(dept head)
(137 Points)
Replied 12 December 2011
agreed with roshan no such interest wl b allowed u/s 24(b)
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