Poonawalla fincorps
Poonawalla fincorps

Income from house property

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(Querist)
07 April 2015 Suppose an assessee takes a loan from an NRI and the NRI says that he would pay tax directly to the govt. So, is the interest on the borrowed money deductible?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 April 2015 Incase of interest paid to out of India which tax is not paid or not deducted on that interest cannot be take deduction

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