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Query in house proparty

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02 March 2012 the interest on loan taken for house which is allows as deduction in HP whether the same can claim as deduction if such HP used in business ?
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
02 March 2012 Should the house property be used for business purposes.. the interest is claimable as business expenses.. and allowed
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anurag

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anurag (Expert)
02 March 2012 it is not available, as u/s 22 if property is used for business than its income will not be under income from house property, hence no question of deduction.
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