The assessee has obtained a non refundable loan from his PF a/c for the purpose of constructing a house & claimed deduction of deemed interest on such loan.
Q- Such deemed interest can b claimed U/S 24 (b) ?
Menu
Deemed interest U/S 24(b)
Replies (7)
I think deemed interest is not claimed for deduction U/S.24 (b)
Deemed Interest is not allowed.
There no sec to provide deduction in respect deemed interest in Sec 22 (House Property income)
| Originally posted by : P-A-W-A-N | ||
| " | There no sec to provide deduction in respect deemed interest in Sec 22 (House Property income) | " |
Agree with all.....
the section says 'actual interest paid or payable'
so deemed interest will not deductible
Yup ..it will not be deductible
Recent Topics :
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
Related Topics :
CAclubindia
