Is it required to deduct tds when interest paid on housing loan to a relative person for claiming deduction u/s.24(b). if not deducted is it dis allowed u/s.24(b)
02 January 2012
As per My opinion TDS sections are applicable to Business/ Professional Income Only. Therefore as per my opinion TDS is not required to be Deducted.
02 January 2012
As its seems you are an individual who's file is not under Tax Audit. Therefore you are not required to deduct TDS. So no disallowance.
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