Overdraft Limit interest rebate

Can I get rebate on interest which paid on overdraft limit (I have taken a OD limit against house property)
Replies (2)
Quick Summary
This discussion clarifies whether interest paid on an overdraft limit secured against a house property is eligible for a rebate. The general consensus is no, unless the overdraft is used for business purposes. If used for business, it can be claimed as an expense, otherwise, no benefit is available.

No... Rebate not available.

How is possible the rebate...?
Which condition You ask this question...?
If you are using OD Limit for business purpose then you can claim it as an expenses else you cannot take any benefit..

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