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Hba interest.

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(Querist)
19 March 2014 what is HBA interest. n how it is exempt from income ???
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
19 March 2014 HBA - House building advance.
It is in the nature of loan and interest due thereon is eligible for deduction under section 24(b) while calculating the total income of an assessee.
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