05 November 2008
Is it required to deduct tds on interest paid on borrowed capital for consturction/acquisition of house property in order to get deduction u/s 24 (ie interest on borrowed capital), where interest payable to a resident. and what is the limit of interest to deduct tds
05 November 2008
Pl checkup the facts of the case with the provisions of section 194A of the incometax act,1961 and if the facts fits in deduct accordingly.