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Preconstruction interest claim on commercial property

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Account and Tax consultant
124 Points Posted on 26 August 2021
Hello All,

Can we claim preconstruction interest and Interest on loan on purchase of office via loan taken against office ?

Thanks
Virag.
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On 26 August 2021 at 12:11 Report
Replies (5)
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CMA
13117 Points Posted on 26 August 2021

Yes, you may claim deduction u/s 24(b) even in respect of a commercial property.

92 Reply
On 26 August 2021 at 16:02
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Account and Tax consultant
124 Points Posted on 27 August 2021
Thanks for the response, Poornima.

Anyone have different opinions ? I received mixed answers.

Thanks,
Virag
1 Reply
On 27 August 2021 at 12:02
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52 Points Posted on 27 August 2021
Is the office used for your business purpose?
1 Reply
On 27 August 2021 at 19:45
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Account and Tax consultant
124 Points Posted on 27 August 2021
Yes. it's for business purpose
1 Reply
On 27 August 2021 at 19:46
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52 Points Posted on 27 August 2021
Then you cannot claim deduction uls 24(b),as this is not a House property.
1 Reply
On 27 August 2021 at 20:37


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