Tax aspect on Income From House Property
This query is : Resolved
18 February 2011
I have taken loan from My HUF for purchase house property & paying interest to HUF @ market rate. Can I claim deduction u/s 24(b) for interst paid . & also to get deduction u/s 80C on principal repayment.
Also Let me know is there is any moneylending provision applicable (RBI's regulation)
Also Let me know is there is any moneylending provision applicable (RBI's regulation)
Guest
Guest
(Expert)
18 February 2011
Interest on borrowed funds for house can be allowed u/s 24 but repayment of such loan will not be eligible for Sec. 80C.
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20 February 2011
can anyone tell about any moneylending provision if applicable (RBI's regulation)
Guest
Guest
(Expert)
20 February 2011
Please don't mix queries of different subject.
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10 October 2021
No. No such provision applicable in this case.
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