Interest Expenses

This query is : Resolved 

20 May 2008 One of my Client has took an unsecured loans of Rs.27 Lacs on Individual basis. he bought an commercial properties worth rs.19 lacs and bal. invested in Proprietorship firm.

Now Question is that what is Treatment of Interest exp. of Unsecured Loan?






20 May 2008 How was the commercial property used? in his prop.business?



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