Interest on shop loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 April 2014
Is Interest On Shop Loan Deducted From Total Income
Nikhil Kaushik
(Expert)
08 April 2014
if you are running your own business out of this shop,t he interest is to be deducted under Income from Business/Profession.
If you are just letting out the shop, interest shall be deducted under income from house property
If you are just letting out the shop, interest shall be deducted under income from house property
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