Sir/madam,
we purchased a building on loan , held as stock in trade..whether can we claim the interest ? or can we added to the cost ..kindly help me in this regard ...thanks in advance...
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Interest on loan for buying building as stock in trade
Replies (2)
Yes, as expense deduction under business/profession but not under house property.
intt paid can be claimed as business expense but not as deduction under 24B.
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