Hba interest.
This query is : Resolved
19 March 2014
what is HBA interest. n how it is exempt from income ???
19 March 2014
HBA - House building advance.
It is in the nature of loan and interest due thereon is eligible for deduction under section 24(b) while calculating the total income of an assessee.
It is in the nature of loan and interest due thereon is eligible for deduction under section 24(b) while calculating the total income of an assessee.
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