I want to know about deduction availability u/s 24 for loan taken for shop/commercial purpose. Shop is under construction and yet not received possession. Can we claim duction u/s 24 of interest paid on it??
26 February 2022
Commercial property rentals considered as house property income. In such a case claim deduction under section 24. Claim it as business expenses if rental income is considered as business income.
03 March 2022
mean commercial property like shop buy and given on monthly rental of Rs.50000/- and loan is house property category and not business loan than assessee can claim u/s 24 and rent income is taxable u/h house property??
CAclubindia
