TMI BlogIncome from house property - if the second borrowing has really been used merely to repay the original...Income from house property - if the second borrowing has really been used merely to repay the original loan and this fact is proved to the satisfaction of the ITO, the interest paid on the second loan would also be allowed as a deduction under s. 24(1)(vi). - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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