Interest on house property
This query is : Resolved
29 October 2014
Can we claim interest paid on loan acquired for purchase of a Commercial property(shop) u/s 24b?
29 October 2014
Interest paid on loan will be allowable under Business head, not u/s. 24.
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30 October 2014
If you earn rental income from this property you can claim interest u/s 24 otherwise , Prakash Kochar jee very rightly replied
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03 November 2014
What if the assessee does get any rental income and doesn't have any income under Business or Profession?Can't he claim any deduction?
Or do we treat the Shop as a DLOP ,show a notional rent and claim the interest?
Or do we treat the Shop as a DLOP ,show a notional rent and claim the interest?
03 November 2014
if the property is not being used for commercial purposes by the assessee, the same shall be taxed under house property only.
you will offer the same to tax as Deemed let out.
you will offer the same to tax as Deemed let out.
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17 December 2014
use of property shal decide its taxability as said by nikhil.
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