hello friends
i am claim 147000 intrest deduction of home loan under 24b
in this case intrest amount where can i show in indirect expense or in capital ac
Mitesh Patel (75 Points)
23 July 2019
Shweta Gupta
(Assistant Manager)
(224 Points)
Replied 23 July 2019
Mitesh Patel
(75 Points)
Replied 23 July 2019
RAJA P M
("Do the Right Thing...!!!")
(128029 Points)
Replied 23 July 2019
siddhesh
(si)
(198 Points)
Replied 23 July 2019
Dear Mitesh,
Taxation and Accounting both are different term.
in taxation only respective deduction is allowed shuld be taken into consideration.
Considering that any interest paid on housing loan from business it should be trated as indirect expenses and which reduce your net profit.
but it will no double deduction in ITR -3 if any other head of expenses or income that shuld be included in Net profit shuld be add in Schedule BP . So that much amount of income included in your income . and in Schedule HP you can claim deduction u/s 24b
this is my opinion , if any wrong contention is presented please clerify me.
Mitesh Patel
(75 Points)
Replied 24 July 2019
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