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Deduction u/s 24 b

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(Querist)
12 September 2011 Is the housing loan Interest paid to individual other than a financial institution eligible for deduction from income from house property?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
12 September 2011 Housing Loan Interest paid to persons other than financial institutions and bank is also eligible for deduction U/s 24(b).

The requirement for claiming the deduction is to get a certificate of interest from the lender specifying the purpose of loan.


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