banner_ad

Interest on bank loan against rent received

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 February 2014 I had taken bank loan against construction of a godown.During the financial year 2012-2013, I had received a rent of Rs.5,00,000/- against godown rent and had also paid bank loan interest of Rs.2,50,000/- (Loan entirely invested on construction of the godown). Whether I can claim deduction of bank interest from the rental income ?
Profile Image

AVTAR SINGH

Profile Image

AVTAR SINGH (Expert)
02 February 2014 The deduction of interest can be claimed from the rent received.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
26 May 2014 you can take deduction u.s 24(b) for intt paid on loan.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details