Shop loan interest

sir, i have property one house and one new shop purchase on morgage loan, total two property.

can i claim shop loan interest u/s 24
Replies (6)
Quick Summary
This discussion clarifies that you can indeed claim interest paid on a loan taken to purchase a shop, even if it's a commercial property. The interest can be claimed as a deduction under Section 24 of the Income Tax Act. Furthermore, if you have a loss from one property, it can be adjusted against income from another, offering potential tax savings.

Yes.
if you have loss from any property then you can adjust against other property also
Yes you can claim loan interest on your computation
Shop loan interest git deduction in PGBP

pls see house definition in IFHP.

u get more clearity
Yes you can claim deduction
Sir, above both property can i claim as a self occupied, one is residence and one is vacant.
Yes you can

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