Housing loan interest
This query is : Resolved
dileep kumar kadambala
(Querist)
26 July 2014
hi friends,
I want a clarification regarding interest on housing loan. whether interest allowed as deduction u/s.24 on loan taken from banks / financial institutions only or taken from any source.
thanks in advance
Nikhil Kaushik
(Expert)
26 July 2014
interest paid on loan taken from any source is deductible under section 24.
Nikhil Kaushik
(Expert)
26 July 2014
interest paid on loan taken from any source is deductible under section 24.
29 July 2014
there is no restriction on the source placed under sec 24.
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