Can I get tax benifit for a loan on commercial property?



I want to purchase a Galla (Shop). At present I am getting tax benefit on my home loan but it will be over by next year. Hence I have planned to go for a shop as my wife runs a jewelery business at home. My question is can I get the same benefit in income tax for loan on galla as I am getting for my home loan at present?

Can I get tax benifit for a loan on commercial property?
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4 Replies to “Can I get tax benifit for a loan on commercial property?”




  1. If you declare rental income from shop then you can take benifit of loan interest and principal, You can not declare your shop as self occupied assets.





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