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Commercial Loan Interest Rebate

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(Querist)
18 March 2009 Loan for purchase of commercial premises to what extand can we take rebate on total interest? A total interest per annum is 5 Lacs approx.

Krunal Vyas
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
19 March 2009 Fully, provided it should not be use for your B&P and should be use for residing of tenant.

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