Interest paid on borrowed capital utilized for construction of ...

Interest on borrowed funds for house construction is deductible u/s 24(b) of the Income Tax Act.

January 31, 2015

Case Laws Income Tax AT

Interest paid on borrowed capital utilized for construction of house property - interest payable to sundry creditors, who supplied material for construction of the property, is an allowable deduction u/s 24(b). - AT

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Interest paid on borrowed capital utilized for construction of ...

Interest on borrowed funds for house construction is deductible u/s 24(b) of the Income Tax Act.

January 31, 2015

Case Laws Income Tax AT

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