banner_ad

Interest paid on land by individual. how to calim that interest in the company

251 views 2 replies
The land in the name of individual having interest on land of Rs 1.5crore and he is director of a company. How the company can claim that interest paid by individual on this loan. The company wants to build a building on this land and want to show building as an asset in the books of company and land itself in the name of the individual director.
Replies (2)
Since the land is in the name of the company it cannot be claimed as business expenditure😊
Land owner director will be eligible to claim interest (if any available) .

The Company can not build a building on that Land owned by director and show building as asset and not land. (meaning director remaining land owner).

The company first require to buy land and build on it. Otherwise what you planning is very very strange scenario.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details