My relative is working as medical doctor in Hospital and he earned Salary in the year 2009-10.He buy one Home {Flat} and borrowed Home Loan and in form 16 take deduction.
Now from Oct.-09 in the middle of the financial year he started clinic in these residential house.
His total income for the F.Y.2009-10
1} Salary Income
2} Business Professional Income
Now in his Business Profession shall he take benefit on Interest on Home Loan and Principal? as mention in form 16 by employer
shall he take in his business as Fixed Assets in the F.Y.2009-10
CAclubindia
