deduction of Interest on unsecured loan u/s 24b

[priyankargada]

Hello all,

I have borrowed funds from my sister to acquire a commercial property which was subsequently rented out. Can i get the deduction u/s 24b for the interest paid to her? if yes, is there a judgement supporting the same?

[camanoj2104]

section 24(b) talks of interest on borrowed capital only. Is does not talks about from where to borrow so u will get deduction .
CA MANOJ GUPTA
JODHPUR
09828510543