Interest amount and capital gains applicable

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kollipara sundaraiah (Querist)
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14 February 2022 Sir,
It assessee (doctor) purchase of site value rs:30 lacs and new construction started hospital building purpose.
Question:
1.loan repayment interest amount business expenses treatment or hospital construction account transfer correct procedure
2.hospital land and hospital construction
expenses account including two seperated accounts or single account maintained.
3.example selling of hospital capital gains applicable on (hospital land and hospital construction both calculated )

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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14 February 2022 1. Hospital building construction acc.
2. Single account for investment head, but if treated as fixed asset, separate them.
3. Depends upon its treatment, generally capital gain.

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