Interest on Housing Loan
This query is : Resolved
24 March 2009
Dear Professional couligue
A Individual Person has taken a general Loan from state financial corporation and the proceeds has been used for the purpose of construction of an Hospital Building and let out the same.
whether the interest on said loan can be taken as a deduction U/S.24 against the Rent receivable.
please reply any one as early as possible
thanks and Regards
Rajesh
A Individual Person has taken a general Loan from state financial corporation and the proceeds has been used for the purpose of construction of an Hospital Building and let out the same.
whether the interest on said loan can be taken as a deduction U/S.24 against the Rent receivable.
please reply any one as early as possible
thanks and Regards
Rajesh
24 March 2009
you can not claim deduction.
section 24 deals with residential house property and not hospital.
section 24 deals with residential house property and not hospital.
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25 March 2009
Interest paid/payable on the said loan can be claimed irrespective of any limit u/s 24(b) against the rental income.
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