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tax querry

Tax queries 790 views 1 replies

Date: 23-01-2010

  • Programme Structure
  • Online Payment for Members
  • Online Payment for Non-Members


Replies (1)

Assessee should pay interest out of his income chargeable to tax for getting deduction.And deduction is allowed if assessee starts paying interest on such loan.

If pricipal amount is not paid...there is no effect on getting deduction of interest...not paying principal amount will have another consequence.


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