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Deduction U/S 24(b)

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Guest

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Guest (Querist)
22 September 2008 If an employee pays interest to his employeer for Housing Loan taken as concessional rate, then is thew employee is elegible to claim such interst U/S 24(b) provided other conditions are satisfied.

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Kunal Agrawal
kunalagrawal@aol.in
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Taxguy

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Taxguy (Expert)
22 September 2008 Yes, he is eligible, it has nothing to do with any perquisite under the head Salary. 24(b) comes under HP.
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CA. Amit Daga

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CA. Amit Daga (Expert)
22 September 2008 ya he is eligble becausing that is loan only
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