Disallowance of interest u/s 24(b) while computing 'Income from ...

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

October 28, 2015

Case Laws Income Tax AT

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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Disallowance of interest u/s 24(b) while computing 'Income from ...

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

October 28, 2015

Case Laws Income Tax AT

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