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Income Tax - Highlights / Catch Notes

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Income from house property (Rent) - if the loan taken has been ...


Interest on Second Loan for Property Repayment Qualifies for Deduction Under Income Tax Act Section 24(1)(vi).

September 4, 2017

Case Laws     Income Tax     AT

Income from house property (Rent) - if the loan taken has been used exclusively to repay the original/old loan for construction/acquisition of the property, interest paid on the second loan would be allowed as deduction u/s 24(1)(vi).

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