04 October 2013
I have a property that we have purchased through Bank Loan, now 50% portion of property is self use & 50% we have given on lease. Can we use 100% Interest amount paid to bank as expense from rental income or only 50% can be use. Pls. Confirm.
04 October 2013
since ur the owner of 100% even though 50% given on lease still u will be eligible for 100% int deduction from rental income if it is considered as income from other source.
CAclubindia
