Tax benefit on commercial property

Ghanshyam Pandey (42 Points)

06 January 2023  
I have taken a commercial loan for the purchase of Shop and monthly EMI is around Rs.20,000/-. I just want to know, will I get any tax benefit on interest & principal repayment..?

Further, since the shop is vacant for last few months, is it mandatory to offer deemed rent income for claiming such interest..?