Interest paid against property


This query is : Resolved 

Quick Summary
This discussion explores how to classify interest paid on loans taken out for property. The key consideration is whether the property is used for business purposes, as this will determine if the interest should be treated as a revenue expense or another type of financial treatment.

(Querist)
14 March 2025 Interest paid against loan taken property,
whether should be treated as revenue expenses .
or may be another treatment.

14 March 2025 What is the nature of property? whether used for any business purpose?

04 October 2025 Good luck...


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