Easy Office

Interest on loan set off against salary

This query is : Resolved 

30 October 2015 Hi Sir, I have taken loan from my relative for personal purpose. Iam paying interest. Iam earning salary. Whether can I set off this interest against salary income?

30 October 2015 You can't set off interest payment on loan drawn for personal purpose against salary income.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries