Hello All,
Can we claim preconstruction interest and Interest on loan on purchase of office via loan taken against office ?
Thanks
Virag.
Menu
Preconstruction interest claim on commercial property
Replies (5)
Yes, you may claim deduction u/s 24(b) even in respect of a commercial property.
Thanks for the response, Poornima.
Anyone have different opinions ? I received mixed answers.
Thanks,
Virag
Anyone have different opinions ? I received mixed answers.
Thanks,
Virag
Is the office used for your business purpose?
Yes. it's for business purpose
Then you cannot claim deduction uls 24(b),as this is not a House property.
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
