Sec 24b (house property)
This query is : Resolved
03 January 2012
Whether interest on borrowed capital allowed as deduction u/s 24b for the construction of a house will be disallowed when the house is sold
03 January 2012
No, the interest will not be disallowed. There is no such provision in the Income Tax Act.
03 January 2012
Agree, there is no provision in income tax.
03 January 2012
Agree, there is no provision in income tax.
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