Interest Paid to Partners Deductible u/s 24(b) for Income from House Property if Used for Acquisition or Improvement.

Disallowance of interest u/s 24(b) while computing 'Income from House Property" - payment of interest by the firm to the partners is an allowable expenditure if the said amount is used for acquisition or improvement of the house property in question as per provisions of sec.24(b) - AT .....

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