27 November 2014
Interest on housing loan availed, by the Assessee debited by the Bank, but not paid , whether can be claimed as deduction under section 24 of IT Act
27 November 2014
Sec 24(b) where the property has been acquired, constructed, repaired, renewed or reconstructed with borrowed capital, the amount of any interest payable on such capital: The word used "interest payable" can be construed as debited by bank but not paid.
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