Rental Income booked by partners but property loan is in the name of partnership firm
This query is : Resolved
21 March 2023
Partnership firm acquire loan from bank for construction of building . Partners of the firm getting rental income from the building and the same is paid to bank as EMI for the loan borrowed by the firm.My question is whether a partner can claim interest under section 24 b when he get rental income from building
21 March 2023
Who is the owner of the building?
Partnership firm or any partner/s?
If partner/s, under which condition the Bank provided loan to firm?
Partnership firm or any partner/s?
If partner/s, under which condition the Bank provided loan to firm?
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