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Tax Benefit on Commercial Property

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(Querist)
27 July 2022 Sir
Please advise the tax rebate on Commercial Property(Shop) if purchase the shop on Loan from Bank.
Thanks
Dharam Pal
9810600330
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 July 2022 No other benefit, but if used for business purpose, you can claim interest paid to bank as deduction from business profits
Under rental income the same can be claim against rent.

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