Interest on loan for commercial building
This query is : Resolved
JAYAKUMAR.M.G
(Querist)
07 May 2016
Dear Experts
Whether an assesee can cliam deduction on interest paid by him for loan availed from SBI for for construction of a commercial complex under Income from House property where the property is let out
Rgds
Whether an assesee can cliam deduction on interest paid by him for loan availed from SBI for for construction of a commercial complex under Income from House property where the property is let out
Rgds
07 May 2016
Yes from the rental income interest on borrowed capital can be taken as deduction without any limit.
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