TMI BlogAmendment of section 24.X X X X Extracts X X X X X X X X Extracts X X X X ..... eductions from income from house property. Clause (b) of the aforesaid section provides that interest payable on capital borrowed for acquisition or construction of a house property shall be deducted while computing income from house property. The second proviso to the said clause provides that a deduction of an amount of two lakh rupees shall be allowed where a house property referred to in sub-s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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