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interest on loan..
Interest on loan taken from Government by a govt employee for house construction is deductable or not.?
Replies (3)
Yes
Under Income from House property.
OK thanks...u/s 24 b right .sir...?
| Originally posted by : harichandana lalisetty | ||
 |
OK thanks...u/s 24 b right .sir...? |  |
Deductions from income from house property.
24. Income chargeable under the head "Income from house property" shall be computed after making the following deductions, namely:—
(a) a sum equal to thirty per cent of the annual value;
27(b) where the property has been acquired, constructed, repaired, renewed or reconstructed with borrowed capital, the amount of any interest payable on such capital:
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