Interest u/s 24(b)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2013
if my father gives me gift of rs. 5 lacs i transfer it to my smaller huf corpus n than i give it as loan @ 9% to my brother for purchase of house than can it be clubbed? if yes than in whose hand and can my brother claim deduction of interest paid in section 24(b)??
02 January 2013
Hi,
As per 24(b) person paying Interest is eligible to claim deduction, so your bro also can claim.
Thanks!!
As per 24(b) person paying Interest is eligible to claim deduction, so your bro also can claim.
Thanks!!
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