An assessee has borrowed money for purchase of a house & Interest is payable outside India. | Faculties

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Mr. Dubey

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📊 Income Tax Law and Practices

Q. An assessee has borrowed money for purchase of a house & Interest is payable outside India.

(A) Such interest shall:
(B) Be allowed as deduction
(C) Not to be allowed on deduction
(D) Be allowed as deduction if the tax is deducted at source

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✅ Correct Answer: (C) Not to be allowed on deduction

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