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Interest paid for housing loan

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20 July 2011 I had taken a loan from my father for purchase house property. I am paying interet for that loan. Can I take this deduction under interest paid for housing loan in my IT return U/S 24 b.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
20 July 2011 Yes. Section 24b is allowing loan taken for housing purpose for banks or others. but provided your father has to give interest certificate to receive that and has to show the income also
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