home loan interest 24b

Dear Mitesh,

Taxation and Accounting both are different term.

in taxation only respective deduction is allowed shuld be taken into consideration.

Considering that any interest paid on housing loan from business it should be trated as indirect expenses and which reduce your net profit. 

but it will no double deduction in ITR -3 if any other head of expenses or income that shuld be included in Net profit shuld be add in Schedule BP . So that much amount of income included in your income . and in Schedule HP you can claim deduction u/s 24b

this is my opinion , if any wrong contention is presented please clerify me.