Pros & cons of buying commercial property

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 July 2012 Dear Sir,

I want to purchase a small commercial shop and give it on rent. I am a salaried individual and living at Thane. I wanted to know what are the pros and cons for salaried person investing in commercial property. Kindly suggest whether I should go for it or not. if not then what should be best option to invest in property.


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Guest (Expert)
19 July 2012 You can surely purchase the property, only the rent recieved will be added to your income & your tax liability will go higher. Better purchase it on your family members name.

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 July 2012 Thanks for the resonse.
Will i get tax benifit on this incase if i take loan?

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Guest (Expert)
21 July 2012 If you take it on your name, YES you will be eligible for tax benefits.


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