Deduction for housing loan interest u/s 24 applies when property is acquired or constructed with borrowed capital.

Deduction for housing loan interest u/s 24 applies when property is acquired or constructed with borrowed capital. https://www.taxtmi.com/highlights?id=28951 Interest on housing loan u/s 24 - The use of the word "or" in between acquired and constructed makes it clear that the property can either be acquired or constructed with the borrowed capital and if the income is earned which is assessed under the head "Income from house property" - claim of deduction allowed - AT en-us Wed, 04 May 2016 09:14:25 +0530 Mon, 02 May 2016 23:29:53 +0530 TaxTMI RSS Generator Deduction for housing loan interest u/s 24 applies when property is acquired or constructed with borrowed capital. https://www.taxtmi.com/highlights?id=28951 Interest on housing loan u/s 24 - The use of the word "or" in between acquired and constructed makes it clear that the property can either be acquired or constructed with the borrowed capital and if the income is earned which is assessed under the head "Income from house property" - claim of deduction allowed - AT Highlights Income Tax Wed, 04 May 2016 09:14:25 +0530 https://www.taxtmi.com/highlights?id=28951