Double claim of Interest Paid on Capital Borrowed for purchase ...

Proposed Amendments Limit Taxpayers to Single Claim for Interest on Borrowed Capital for Property Purchases u/s 24.

February 3, 2023

Notes Income Tax

Double claim of Interest Paid on Capital Borrowed for purchase of Property - Ist U/s 24 under House Property income, 2nd deductions under chapter VI-A and 3rd u/s 48 as part of cost of acquisition - Amendments proposed to allow only one benefit as per the choice of the assessee.

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Double claim of Interest Paid on Capital Borrowed for purchase ...

Proposed Amendments Limit Taxpayers to Single Claim for Interest on Borrowed Capital for Property Purchases u/s 24.

February 3, 2023

Notes Income Tax

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