deduction of interest on let out house

[sayed rahim]

i want to know a case law related to deduction of interest on let out house property u/s 24 B

[Ganeshan Kalyani]

It is a allowable deduction under income tax act.

AI Summary

Deduction of interest on let out house property is an allowable deduction under the Income Tax Act under section 24B. The document confirms that interest paid on borrowed capital for a let out house property is an allowable deduction against income from that house property under the Income Tax Act, recording a query seeking case law and a reply affirming deductibility.