If i take loan against a house property, then use that capital to buy a commercial property. Will interest paid be reduced from my income ?
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Let out property
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If the commercial property is let out then the whole interest amount can be deducted from your rental income. if the property is used for any business of yours then interest is to be treated as expenses of such business.
"If the commercial property is let out then the whole interest amount can be deducted from your rental income. if the property is used for any business of yours then interest is to be treated as expenses of such business"
i agree wit this..
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