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

Interest Paid to Partners Deductible u/s 24(b) for Income from House Property if Used for Acquisition or Improvement. https://www.taxtmi.com/highlights?id=25585 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 en-us Wed, 28 Oct 2015 11:53:01 +0530 Wed, 28 Oct 2015 11:53:01 +0530 TaxTMI RSS Generator Interest Paid to Partners Deductible u/s 24(b) for Income from House Property if Used for Acquisition or Improvement. https://www.taxtmi.com/highlights?id=25585 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 Highlights Income Tax Wed, 28 Oct 2015 11:53:01 +0530 https://www.taxtmi.com/highlights?id=25585