Section 25 Income Tax Act
This query is : Resolved
23 August 2010
Please "elaborate" the points covered under section 25 of Income Tax act - regarding inadmissible deductions under the head 'income from House Property'.
Thank you.
Thank you.
23 August 2010
To avail the benefit of interest on borrowed money which is payable outside India the following conditions are to be satisfied.
1) tax on such payment has to be deucted Or
2) tax on such payment has been paid and
3) there should be a person in India who have to be treated as agent of the recipient for such purpose.
1) tax on such payment has to be deucted Or
2) tax on such payment has been paid and
3) there should be a person in India who have to be treated as agent of the recipient for such purpose.
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