vishnu bhardwaj
(Tax Advocate)
(212 Points)
Replied 10 February 2016
when you taken loan intrest paid - intrest is less from hp income and principal payment is shown in deduction u/s 80c .
without loan it is add in your balance sheet
vishnu bhardwaj
(Tax Advocate)
(212 Points)
Replied 11 February 2016
to taken loan is beneficial for you because the principal and intrest amount is used as deduction
CAclubindia
