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Regarding tax saving

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(Querist)
27 February 2012 Dear Sir,

if Salaried Employee paid interest on Personal loan it is eligible for deduction in its tax computation.
Regards
Akbar
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SOURAV GOEL

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SOURAV GOEL (Expert)
27 February 2012 Hi Akbar,

Interest paid on personal loan is not eligible for deduction.

Has it been for House Building the same would have been eligible for deduction u/s 24(b).

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