Deduction u/s 24

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2012 Will deduction under sec 24 will be allowed if loan is taken for purchase of plot/land?

CA Dileep Surya Kumar (Expert)
Follow

15 March 2012 Not allowed..

CA PARTH SHAH (Expert)
Follow

13 February 2014 it is allowed. As per section 24(b), it is not mandatory that the property should be a residential house only

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess