Deduction U/s 24(b)
This query is : Resolved
Amit Sharma
(Querist)
27 July 2009
Dear Experts,
An Assessee take the loan from banking company after 31.03.1999 towards construction of house. An Assessee, taken the further loan from same banking company & for the same purpose. An Assessee paid the interest on borrowed capital (both loan). Please tele me,whether an assessee take the credit for interest paid on both loan or nor.
regards
Amit Sharma
An Assessee take the loan from banking company after 31.03.1999 towards construction of house. An Assessee, taken the further loan from same banking company & for the same purpose. An Assessee paid the interest on borrowed capital (both loan). Please tele me,whether an assessee take the credit for interest paid on both loan or nor.
regards
Amit Sharma
CA.Nikhil Gupta
(Expert)
28 July 2009
Yes, he can claim the benefit on both loans.
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