Sec. 24(b) doesn’t mandate acquiring possession of property to claim interest deduction: ITAT

INCOME TAX : As per plain literal interpretation of section 24(b) there is no bar on an assessee to claim deduction of interest payable on a loan taken for purchasing a residential property, though, possession of same might not have been vested with himINCOME TAX : As per plain literal interpretation of section 24(b) there is no bar on an assessee to claim deduction of interest payable on a loan taken for purchasing a residential property, though, possession of same might not have been vested with himwww.taxmann.com Latest Case LawsRead More

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