Interest paid on borrowed capital (from bank) invested in a ...

Interest on Loan for House Cannot Be Claimed Against Other Income Sources, Must Align with Property Income.

June 19, 2015

Case Laws Income Tax AT

Interest paid on borrowed capital (from bank) invested in a house property - the claim of interest on borrowing applied to a particular source of income (house property) against income arising from the said source of income, i.e., house property (Rs.1.50 lacs) as well as against income from another source, i.e., income from other sources (at ₹ 14.19 lacs), is self contradictory. - AT

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Interest paid on borrowed capital (from bank) invested in a ...

Interest on Loan for House Cannot Be Claimed Against Other Income Sources, Must Align with Property Income.

June 19, 2015

Case Laws Income Tax AT

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