We have a let out property and a home loan for that. Against the same property, we took a loan (Loan Against Property). Can we claim any income tax benifit on the interest paid on the second loan ?
Thanks,
Yamini
Menu
Income tax benifit for lap
Replies (1)
Loan against property is of commercial in nature and hence may not be allowed for claiming IT Benefit.
Recent Topics :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
Related Topics :
CAclubindia
