I want to purchase a small commercial shop and give it on rent. I am a salaried individual and living at Thane. I wanted to know what are the pros and cons for salaried person investing in commercial property. Kindly suggest whether I should go for it or not. if not then what should be best option to invest in property.
Guest
Guest
(Expert)
19 July 2012
You can surely purchase the property, only the rent recieved will be added to your income & your tax liability will go higher. Better purchase it on your family members name.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
19 July 2012
Thanks for the resonse. Will i get tax benifit on this incase if i take loan?