House Property Interest

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110 Points Posted on 02 July 2020
While calculating interest from house property,can we also include the interest paid for loan of purchase of land,when we construct a house property?
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On 02 July 2020 at 20:43 Report
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Quick Summary
This discussion explores whether interest paid on a loan for land purchase can be included when calculating interest for a house property. The consensus is that it can be included, as a house property is generally understood to encompass the building and any land that is appurtenant to it.

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12244 Points Posted on 03 July 2020
As per my opinion, yes you can
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On 03 July 2020 at 00:57
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Chartered Accountant
821 Points Posted on 04 July 2020
Yes should get, as house property includes any building or land appurtenant thereto
1 Reply
On 04 July 2020 at 06:37

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