Query in house proparty
This query is : Resolved
02 March 2012
the interest on loan taken for house which is allows as deduction in HP whether the same can claim as deduction if such HP used in business ?
02 March 2012
Should the house property be used for business purposes.. the interest is claimable as business expenses.. and allowed
02 March 2012
it is not available, as u/s 22 if property is used for business than its income will not be under income from house property, hence no question of deduction.
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