Home Loan Interest
This query is : Open
ca shaival shah
(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
(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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