19 March 2012
sir can anyone plzz answer to this question,
if A pur hp by borrowing a loan of rs.300000 @18% on 1/4/2006.then on 30/11/08 she borrowes a loan of rs.200000 and utilized this amt & rs.100000 recover from tenant as interest free rental advance for repyment of original loan of rs.300000 so my question is that whether int on 200000 will be claimed as a deduction u/s24
CAclubindia
