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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Income from house property - if the interest free loan is repaid ...


Interest Deduction Allowed for Interest-Bearing Loan Repayment of Interest-Free Loan u/s 24(b) of Income Tax Act.

June 22, 2015

Case Laws     Income Tax     AT

Income from house property - if the interest free loan is repaid by interest bearing loan funds, the interest on such loan is allowable for deduction u/s 24(b) of the Act - AT

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