Rent income from commercial shop
This query is : Resolved
Querist : Anonymous
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?
So can he claimed a deduction of interest paid against Shop loan?
if yes then under which section?
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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