Purchase of commercial property
Saurav Nayyar (Director) (72 Points)
29 March 2015Saurav Nayyar (Director) (72 Points)
29 March 2015
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 29 March 2015
Yeah, interest can be deducted u/s 24b (if property is not used for business/profession purpose) provided you take a certificate from your friend mentioning the amount of interest payable during the year.
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