Deduction of interest u/s 24(b)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 December 2010
whether interest paid to partners on capital will be allowed as deduction u/s 24(b)while computing income chargeable under the head income from house property? kindly if possible give references of decided case laws .
CMA Ramesh Krishnan
(Expert)
16 December 2010
No deduction available u/s.24(b) for Interest on partner capital
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