Shop loan interest

13 September 2021

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

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6 Replies

veerendar singh (tax consultant) (3306 Points)
Replied 13 September 2021

Yes.
if you have loss from any property then you can adjust against other property also

1 Like

Deepak Kumar (791 Points)
Replied 13 September 2021

Yes you can claim loan interest on your computation

1 Like

Sravan Reddy G (CA) (618 Points)
Replied 14 September 2021

Shop loan interest git deduction in PGBP

pls see house definition in IFHP.

u get more clearity

1 Like

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 14 September 2021

Yes you can claim deduction

1 Like

Nitin Dalsania (12 Points)
Replied 14 September 2021

Sir, above both property can i claim as a self occupied, one is residence and one is vacant.

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 03 November 2021

Yes you can

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