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
Dear friend , if your accounts are liable to be audited according to the provisions of the Income Tax Act, 1961 then TDS will be deductible and you have to deduct the same before the payment will be held. Thanks
CAclubindia
