If an lawyer has his home as office n he declares the income on presumptive basis under section 44ADA, then whether he can claim the interest on housing loan for that property.
Bills raised by lawyer bears the address of home from which he operates the business
Moreover going forward of the same property is sold whether he would b able to take benefit of 54 or 54F.
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Internet on houseing loan
Replies (4)
Yes he can claim the interest on housing loan and also take the benefit of 54 or 54F when property is sold.
Yes he can claim interest on housing loan.
when amount invested u/s 54 and 54F on sold property
when amount invested u/s 54 and 54F on sold property
Yes...
Thank you sir
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