Section 24(b)

Yes payment made by Holding company on behalf of Subsidiary company as exp.

but while calculating Imcome Under the head house propery it will not allowed as exp

Hi..

U can claim u/s 24b if u hav acquired loan for the purpose  of purchase, construction,
repair, renewal or reconstruction of the house property. In the given case loan for vacanting employees is not under scope of sec 24b.

But there is no specification regarding the int paid by subsidiary to holding. so its deductible.

But as far ur case the purpose doesnt fit u/s 24b hence not deductible.