Deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 September 2013 2)If Assessee take loan from Proprietorship firm of husband or other Person for the Purpose of Purchase of house and Interest is Paid on Loan @10% .Whether Interest deduction is Allowable u/s 24(b) or any other Section .If house is Self Occupied or Let Out.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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06 September 2013 Housing loan taken from other than bank also allowed interest u/s.24b provided all the documents available. but there may not be any commercial relationship between spouse.so it cannot be claimed