Home loan Interest
This query is : Resolved
Javed Memon
(Querist)
06 February 2020
Respected Sir / Madam
can i claim Loan Processing fees as Interest U/s 24 under income from house property??
because Section 2(28a) defines the term interest as 'interest payable in any manner in respect of any money borrowed or debt incurred (including a deposit, claim or other similar right or obligation)'
can i claim Loan Processing fees as Interest U/s 24 under income from house property??
because Section 2(28a) defines the term interest as 'interest payable in any manner in respect of any money borrowed or debt incurred (including a deposit, claim or other similar right or obligation)'
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07 February 2020
Processing fee can be claimed u/s 24(b). Inference - Infrastructure Finance Co Ltd Vs. ACIT (2016) 238 Taxman 212(Mad).
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