Deduction - interest on loan - LARR

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70 Points Posted on 01 June 2020
can interest on loan against Rent Receivables (LARR) be availed as deduction under income from house ppty ???
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On 01 June 2020 at 21:01 Report
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Quick Summary
This discussion clarifies whether interest paid on a Loan Against Rent Receivables (LARR) can be claimed as a deduction under the 'Income from House Property' head. The consensus is that this type of interest is not eligible for deduction against house property income.

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12244 Points Posted on 02 June 2020
No... it can't be claimed as deduction
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On 02 June 2020 at 01:24
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70 Points Posted on 02 June 2020
Thank you 🙂
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On 02 June 2020 at 19:20

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