TMI BlogCan interest paid on loans taken from friends and relatives be claimed as deduction while calculating house property income?X X X X Extracts X X X X X X X X Extracts X X X X ..... ons (FAQs) - Income Tax - Manuals - Ans. Yes, if the loan is taken for purchase, construction, repair, renewal or reconstruction of the house. If the loan is taken for personal or other purposes th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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