24(b)
This query is : Open
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.
24 March 2017
Thank u sir
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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