u/s24 as well as u/s 80C ?

1204 views 18 replies

Mr. Mukund is right

only deduction for interest will be allowed us 24

frnd is nt a charitable institute or recognized financial institution hence 80c cannot b claimed whereas with regards to interest payment the details should b inked on d paper.........ortherwise it dept wont consider it in 24b

Interest U/s 24 can be claimed as deduction but Repayment of Principle amount is not deductible U/s 80C because loan was received from relatives.

only interest is allowable expenditure

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