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Rent income from commercial shop

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2014 One of us client is into the business of selling of Gold & Jewellery.He has given a Commercial Shop on Rent and he is receiving rent and further he has taken a loan against Shop.
So can he claimed a deduction of interest paid against Shop loan?
if yes then under which section?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
28 June 2014 you can under section 24(b). the income shall be offered to tax under "income from house property"
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