Int paid to bank and pay above 10,000/- expenses
Some Construction expenses rs.5,00,000/- payment through on cash mode (10,000/- limit above per day)
Int paid bank loan rs.4,15,500/-
Assess construction expenses paid above 10,000 limit amount construction value including or excluded
Int paid to bank loan amount including construction value or business expenses .two expense transactions treatment in books under I.t. act.
Interest expenses are business expenses.