Easy Office

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?



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries