Loan against commercial property joint

joint purchase commercial property cost 90 lac through loan

1st owner is wife she is govt lecturer and second is husband he is businessman

husband pay full emi from business

what is the treatment of accounts in books of husband property cost 90 lac or 45 lac iam confused?

husband claim full deduction emi or interest ??


thanks in advance
Replies (2)
Quick Summary
This discussion addresses the accounting treatment and tax implications for a jointly purchased commercial property financed by a loan. The query focuses on whether the husband, who is a businessman and pays the full EMI, can claim the entire EMI or interest deduction, or only 50%.

Husband has to claim 50%
Contact @ icmai.easyaccountingaudittax.co.in

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