Rental income even though office is not on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2014
Hi,
I have purchased commercial property in 2012 but I did not gave it on rent in 2012 and 2013. I have my flat on which I had loan till 2010 and I had cleared all the loan. For commercial property purchase, I took loan against property (my flat) and I had paid interest on that loan in 2012 and 2013. How should I claim the tax benefit for the loan amount?
Thanks,
Pankaj
I have purchased commercial property in 2012 but I did not gave it on rent in 2012 and 2013. I have my flat on which I had loan till 2010 and I had cleared all the loan. For commercial property purchase, I took loan against property (my flat) and I had paid interest on that loan in 2012 and 2013. How should I claim the tax benefit for the loan amount?
Thanks,
Pankaj
Nikhil Kaushik
(Expert)
17 November 2014
the commercial property shall be treated as deemed let out property. and you can claim interest deduction against it.
Nikhil Kaushik
(Expert)
17 November 2014
the commercial property shall be treated as deemed let out property. and you can claim interest deduction against it.
Nikhil Kaushik
(Expert)
17 November 2014
the commercial property shall be treated as deemed let out property. and you can claim interest deduction against it.
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