banner_ad

Deduction u/s 24(b)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 June 2010 If the loan is taken for the construction of house property from bank or any person, then deducion for interest U/s 24(b)is allowed as per IT in both cases ( Bank and any person )
plz reply immediately.........
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
26 June 2010 Yes. Allowed , but for claming you need to get the certificate from the loan payer for charging the same and deduction can be taken u/s. 24(b)
Profile Image

Manmohan ACA, CS

Profile Image

Manmohan ACA, CS (Expert)
26 June 2010 Yes, Deduction for interest U/s 24(b)is allowed as per IT in both cases.


However deduction u/s 80C for repayment of principal is allowed only if loan is taken from bank and other specified institutions.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details