house loan interest
This query is : Resolved
29 March 2010
i have taken loan from SBI 1990
i have paid principal frist up to 2005
now i paid interest
this interest may deduct u/s 24
i have paid principal frist up to 2005
now i paid interest
this interest may deduct u/s 24
29 March 2010
Yes can be claimed as deduction under sec24. as any interest paid on loan borrwoed for the purpose of construction of house property can be allowed as deduction under sec24
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