Sir,
A doctor has clinical income also he paid interest for the same building as housing loan.
can we deduct?
self occupied clinic?
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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.
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