banner_ad

Rental Expenses (Commercial Loan against Property)

233 views 2 replies
Hi Experts

One of our Pvt Ltd Company buy a commercial Property through Loan. and same land Given for Rent to other Partnership firm

my question is Pvt Ltd Company property loan interest portion is clime as business expenses in the books of Pvt Ltd Company

Note : Pvt Ltd Company business is manufacturing of precision tools

Please reply
Replies (2)

You have 2 Option 
1. You Can Claim the interest as Business Expenditure in the Books Of Account. 
2. You can Show the rental Income under the head of  Hosue Property and Claim the Interest as a deduction

As per my View
You can Show the rental Income under the head of Hosue Property and Claim the Interest as a deduction under Section 24 as renting is not your business. This is also better for you as you also get standard 30% Deduction from your rent income.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details