3 results for “house property”+ Section 115Jclear
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Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy
house property, the assessee is allowed deduction under section 24 of the Act on account of interest paid on the borrowed funds utilised for acquiring the immovable property. Similarly, when the income is to be computed under the head "Profits and gains from business or profession", the deduction account of interest on borrowed fund is provided under section