Deduction u/s 24
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2012
Will deduction under sec 24 will be allowed if loan is taken for purchase of plot/land?
15 March 2012
Not allowed..
CA PARTH SHAH
(Expert)
13 February 2014
it is allowed. As per section 24(b), it is not mandatory that the property should be a residential house only
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