19 December 2015
I WANT TO PURCHASE HOUSE ON MARKET RATE FROM MY MOTHER.BY BANK PAYMENT THE REQUIRED FUNDS ARE BOWRED FROM FRIENDS BY CHEQUE AT MARKET RATE CAN I CLAIM INTEREST PAID U/S 24 (1) TO FRIENDS CAN MY MOTHER CONSTRUST ANOTHER HOUSE BY THESE FUNDS BY CLAIMING U/S 54 ER ADITI
19 December 2015
yes to both questions. However, please note if the borrowings are from friends, then you won't be able to claim deduction under section 80C for principal repayment
Querist :
Anonymous
Querist :
Anonymous
(Querist)
19 December 2015
thankes i have not any requirment u/s 80c, as save sufishant fundes in my ppf you have remove my long hadic i think problem of famely transaction if dept has any mis consept at a later date