Commercial office
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2015
Can i take benefits u/s 80C and 24B if loan is taken for purchase of commercial office??
Nikhil Kaushik
(Expert)
17 July 2015
if you are operating out of the same office, then claim deduction for interest under "business/profession"
if it has been let out, then claim deduction for interest under section 24b.
No deduction shall be available for the repayment of principal portion
if it has been let out, then claim deduction for interest under section 24b.
No deduction shall be available for the repayment of principal portion
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