hi,
interest on mortgage loan is allowed as deduction in income tax ,if we use loan amt for personal , share market and for business purpose
property is in personal bsheet
so pls suggest on this
2 Replies
Danish Abbas
(153 Points)
Replied 29 March 2024
If mortgage loan is used for business purpose then u can claim expense as a deduction on a cash basis as per section 43B
Recent Topics
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
Related Threads
CAclubindia
