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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Deduction on interest of housing loan u/s 24(b) -AO restricted ...


Housing Loan Interest Deduction Limited to 25% by AO Due to Co-ownership u/s 24(b.

December 14, 2015

Case Laws     Income Tax     AT

Deduction on interest of housing loan u/s 24(b) -AO restricted it to 25% since 75% of the property is belongs to other co-owners - Action of AO is justified - AT

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