Section 24
This query is : Resolved
23 September 2010
Can an assessee borrows funds for the purchase of a new house from an HUF and still claim deduction on interest paid on the loan taken?
or Loan should be from any Financial Institution?
or Loan should be from any Financial Institution?
23 September 2010
CAN CLAIM THE DEDUCTION OF INTEREST BUT NOT CLAIM THE DEDUCTION OF REPAYMENT AMOUNT U/S 80C
23 September 2010
Yes you can take loan from the HUF & re-pay the same to them.
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