Interest deduction
Querist : Anonymous
Mr. X has taken loan of Rs. 5 lacs from Mr. Y @ 1.5% PM interest, plz clarify weather Mr. Y can claim the deduction of interest or not.....
Please Reply.....
apparently yes!
From your reading your question i don't find any complication which resist Y from taking the deduction.
Querist : Anonymous
Earlier you did not mention in your query!
To Claim the interest loan must be from financial Institutaion.
Querist : Anonymous
Your view please........
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