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Interest on housing loan u/s 24 - The use of the word "or" in between acquired and constructed makes it clear that the property can either be acquired or constructed with the borrowed capital and if the income is earned which is assessed under the head "Income from house property" - claim of deduction allowed - Tri

Income Tax - Interest on housing loan u/s 24 - The use of the word or in between acquired and constructed makes it clear that the property can either be acquired or constructed with the borrowed capital and if the income is earned which is assessed under the head Income from house property - claim of deduction allowed - Tri - TMI Updates - Highlights .....

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