IS THE INTEREST TAKEN FROM A FRIEND DEDUCTIBLE???

Under Sec24income chargeable under the head Income from house property shall be computed after making making the following deductions

1  30% of the Annual value     AND

2     where the properrty has been purchased or contructed or repaired or renewed or re constructed with borrowed capital the amount of intrest payable on such capital

so in my opinion interest payed even to a freind shall qualify for deduction under sec 24

for the pur[pose of 80c installment should be payed to certain specified persons as given in the section so in this case deduction under sec 80c cant be claimed

 agree with pranav

yes i agree with pranav