Hii All,
One of our client has purchased Godown Premises by taking loan from Bank.
Suppose, he earns Godown Rent of Rs.2.40 Lakhs during the FY 2022-23 and pays interest to bank at the tune of Rs. 3 Lakhs.
Now my question is what amount can be set off against Interest Paid to Bank for Loan Taken from Bank ?
Thanks in advance
CAclubindia
