Hello All,
Can we claim preconstruction interest and Interest on loan on purchase of office via loan taken against office ?
Thanks
Virag.
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Preconstruction interest claim on commercial property
Replies (5)
Yes, you may claim deduction u/s 24(b) even in respect of a commercial property.
Thanks for the response, Poornima.
Anyone have different opinions ? I received mixed answers.
Thanks,
Virag
Anyone have different opinions ? I received mixed answers.
Thanks,
Virag
Is the office used for your business purpose?
Yes. it's for business purpose
Then you cannot claim deduction uls 24(b),as this is not a House property.
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