Section 24(b)
This query is : Resolved
24 January 2012
If interest free loan taken from relative to purchase the house (for the purpose of residence) and later on another loan from bank or FI's to repay the part amount of loan which is taken from relative. whether Interest on loan can be claimed deduction u/s 24(b) under the head income from house property.
Yogesh Agarwal
(Expert)
24 January 2012
Yes you can claim the interest paid so to Banks or Financial Institute....
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Yogesh Agarwal
(Expert)
24 January 2012
Hi Namrata
Yes you can claim the interest paid so to Banks or Financial Institute....
Becoz loan taken for repayment of existing loan (housing) is allowable...
Yes you can claim the interest paid so to Banks or Financial Institute....
Becoz loan taken for repayment of existing loan (housing) is allowable...
Message likes :
1 times
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