Interest on loan for house property
This query is : Resolved
11 September 2011
Dear All,
If interest paid on loan taken for house property from a financial institution (not a nationalized bank)is allowed as Deduction u/s 24?
In the same way, if the interest is paid on loan taken for house property from an outsider (promissory Note or any other instrument) is allowed as deduction u/s 24
Thanks,
CA M Sreenivasa Rao.
If interest paid on loan taken for house property from a financial institution (not a nationalized bank)is allowed as Deduction u/s 24?
In the same way, if the interest is paid on loan taken for house property from an outsider (promissory Note or any other instrument) is allowed as deduction u/s 24
Thanks,
CA M Sreenivasa Rao.
11 September 2011
No the loan taken from an outsider is not exempted u/s 24
11 September 2011
Then, what about the Loan taken from a Financial Institution (Not a Nationalized Bank)?
Please get back to this question
Thanks,
M.Sreenivasa Rao.
Please get back to this question
Thanks,
M.Sreenivasa Rao.
15 July 2023
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