Easy Office
Easy Office

Section 24

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 September 2010 Can an assessee borrows funds for the purchase of a new house from an HUF and still claim deduction on interest paid on the loan taken?

or Loan should be from any Financial Institution?
Profile Image

CA Navin Jain

Profile Image

CA Navin Jain (Expert)
23 September 2010 CAN CLAIM THE DEDUCTION OF INTEREST BUT NOT CLAIM THE DEDUCTION OF REPAYMENT AMOUNT U/S 80C
Profile Image

CMA. Subhash Kumar Jha

Profile Image

CMA. Subhash Kumar Jha (Expert)
23 September 2010 Yes you can take loan from the HUF & re-pay the same to them.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links