Interest on loan for purchase of house
This query is : Resolved
yogesh vijaykumar shah
(Querist)
20 November 2010
Individual assessee is having one banglow which is given on lease to company. Assessee purchase other banglow on loan. Whether individual assesse can claim interest on loan while computing the income from house property if he resides at brother's house.
CA Navin Jain
(Expert)
20 November 2010
yes, assessee can claim the interest on loan
Aditya Maheshwari
(Expert)
20 November 2010
Yes u can claim it as SOP and claim interest.
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