Sir,
A doctor has clinical income also he paid interest for the same building as housing loan.
can we deduct?
self occupied clinic?
Menu
Self occupied commercial clinic
Replies (3)
it is a property used for commercial purpose. You have to take chance. There can be different views. I think show property under IFHP to enable taking interest deduction under 24(2)
it is treated as business asset hence we claimed depreciation on such building
and also claim interest as an expenditure in profit and loss account
and also claim interest as an expenditure in profit and loss account
THANKS TO BOTH OF YOU SIR.
Recent Topic
- TDS ON RENT BY TENANT
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
Related Topics
CAclubindia
