Set-off against rental income
This query is : Resolved
27 March 2013
we purchased a commercial property and to purchase above property we have taken mortgage loan against our home and we are paying interest on loan, now we are getting rent from the commercial property, can we set-off interest paying on mortgage loan against rental income?
Dintakurthi Tirumala
(Expert)
27 March 2013
Yes, you can avail such deduction of interest on loan as expenditure from rents received.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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