Menu
Interest under section 24 h.p
Is intt under house property under section 24 of Rs150000 allowed when loan taken from private party????If no is there any circular barring such allowability of such intt??????
Replies (3)
No, it is allowed.
dear mihir,
Source pls
Regards
Loan taken from private party ie friends, relatives for home is allowed for claiming deduction u/s 24(b), provided the lender furnishes a certificate of loan paid to the assessee. However, principal amount shall not be eligible for deduction u/s 80C.
https://www.indiantaxupdates.com/2012/11/06/tax-benefits-on-home-loan-in-india/
Recent Topics :
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
Related Topics :
CAclubindia
