Interest Deduction Disallowed: Property Not Let Out or Self-Occupied u/s 24(b) for Tax Purposes.

Interest Deduction Disallowed: Property Not Let Out or Self-Occupied u/s 24(b) for Tax Purposes. https://www.taxtmi.com/highlights?id=27885 Disallowance of interest on borrowed capital u/s 24(b) - whether property should be let out for claiming deduction of interest? - the assessee’s claim has no tenability as neither property is self-occupied nor its reasonable rental ALV is offered for tax and at the same time a claim of deduction of interest is made. - AT en-us Wed, 09 Mar 2016 13:41:34 +0530 Wed, 09 Mar 2016 13:41:34 +0530 TaxTMI RSS Generator Interest Deduction Disallowed: Property Not Let Out or Self-Occupied u/s 24(b) for Tax Purposes. https://www.taxtmi.com/highlights?id=27885 Disallowance of interest on borrowed capital u/s 24(b) - whether property should be let out for claiming deduction of interest? - the assessee’s claim has no tenability as neither property is self-occupied nor its reasonable rental ALV is offered for tax and at the same time a claim of deduction of interest is made. - AT Highlights Income Tax Wed, 09 Mar 2016 13:41:34 +0530 https://www.taxtmi.com/highlights?id=27885