Tax deduction on LAP
Maninder Singh (17 Points)
14 July 2022Can I take tax deduction u/s 80 or any other section as per the act for loan against property.
Thank you in advance
Maninder Singh (17 Points)
14 July 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168971 Points)
Replied 14 July 2022
As such no specific deduction for interest paid on LAP, except over any specific use of it.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)