24(b)
This query is : Open
Navpreetkaurlitt
(Querist)
23 March 2017
Deduction under 24(b) for interest on repair of property is upto ₹30000. But if the interest is not paid for 2-3 years will it add upto the amount of deduction in current assessment year
24 March 2017
No, eligible deduction is only for current year interest.
Navpreetkaurlitt
(Querist)
24 March 2017
Thank u sir
Navpreetkaurlitt
(Querist)
24 March 2017
If a mber of HUF provides a loan for repairs of house property of HUF . Interest is ₹85000 . Interest is not paid for 4 years . What will be the amount of deduction under 24(b)
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