CA Arun Gupta (CA) 17 July 2019
I took a housing loan for construction of hosiptal in my home. Now we know that there is limit of Rs 200000 on interest claiming deduction. but I am debiting this interest in PL Account so is this limit of 200000 is also applicable to that interest on housing loan which is debited in PL Account?
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CA Arun Gupta (CA) 18 July 2019
but the thing is nature of loan is housing loan..and I am using this loan for commercial construction? Is there any separate loan which need to be taken for construction of commercial property instead of Housing Loan?