Deduction u/s 24
DEVENDER THAKUR (Accountant) (589 Points)
12 September 2015DEVENDER THAKUR (Accountant) (589 Points)
12 September 2015
S. Shiroor
(Others)
(1207 Points)
Replied 12 September 2015
Int on borrwed capital for Commercial property should be taken as Biz expense.
int on borrwed capital for Residential property should alone be taken under section 24.
Principal part for residential property can be taken as investment upto 1.5lk u/s 80C
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