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Home Loan Interest

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(Querist)
02 August 2016 If Flat is purchased from Unsecured Loan Taken From Relative for 12% PA, then wether interest of Unsecured Loan is taken for deductions under 24(b) ?
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CA ABHAY GUPTA

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CA ABHAY GUPTA (Expert)
03 August 2016 Deduction shall be allowed irrespective of the nature of loan whether it is housing loan or personal loan from any person/institution. please refer section 24b for more clarification ...
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