Deduction u/s 24 for Interest on borrowed capital
This query is : Resolved
31 July 2009
hi friendz,
it is very much clearly given in Section 24 about deduction of interest on borrowed capital . in case of property deemed to be let out, there is no caps on the Interest amount.
plz if there is any case law, or interpreation from department in favour of this pls let me know
thanks
Geeta
it is very much clearly given in Section 24 about deduction of interest on borrowed capital . in case of property deemed to be let out, there is no caps on the Interest amount.
plz if there is any case law, or interpreation from department in favour of this pls let me know
thanks
Geeta
31 July 2009
yes, there is no cap limit for this.
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