Mortgage loan interest and principal under which heading to be deducted

This discussion explores whether mortgage loan interest and principal payments can be deducted under housing loan sections (80EEA/80EE) or as business expenses. The consensus is that if the loan, even if secured by a residential property, was taken solely for business purposes and the funds were used for business operations or expansion, the interest paid should be treated as a business expenditure. Mortgaging a property is considered additional security, not an indicator that the loan is for housing renovation.