7 replies on this article “IT Benefit on Loan for Commercial property”

1. Ram says:

   June 16, 2012 at 10:51 am

   Thank you Mr. Ashal. Yes Mr. Ashal, we are intend to rent the shop.
   However, bank interest rates on commercial property are high. Hence, we are checking for internal fund raising.

   Anyhow, thanks for your info.

   Regards, Ram

   Reply
2. Ashal Jauhari says:

   June 11, 2012 at 3:18 pm

   Dear Ram, Yes is the answer if you intend to use that building for rental purpose.

   Thanks

   Ashal

   Reply
   1. Aji Ed says:

      August 19, 2012 at 10:55 pm

      Dear Ashal,

      I was going to post the same question on IT benefit for commercial properties. I already have a self-occupied house and I plan to buy a commercial property taking housing loan from the bank. Can I get the IT benfits for the whole interest component without any limit? I plan to give this property for rental. Thanks in advance for your response.

      Regards,
      Aji

      Reply
      1. Ashal Jauhari says:

         August 20, 2012 at 12:03 am

         Dear Aji, as you are going to declare your rental income, the interest paid by you ‘ll be available to set off with out any limit.

         Thanks

         Ashal

         Reply
         1. Aji Ed says:

            August 20, 2012 at 12:32 am

            Thank you for the prompt response.

            Reply
         2. Anirul says:

            May 18, 2017 at 2:12 am

            Hii,
            Is there any provision to offset income coming through salary in the interest or principal of commercial property loan.

            Reply
            1. Manish Chauhan says:

               May 23, 2017 at 4:50 pm

               No

               Reply

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