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Interest on deposit paid

ITR Filing 510 views 2 replies

INTEREST ON DEPOSIT IS PAID BY AN ASSESSEE. WHETHER HE WIL GET ANY DEDUCTION WHILE FILING HIS INDIVIDUAL RETURN.

Replies (2)

Whether the individual is carrying on any business?

assessee is an huf, he is partner in a firm and also a depositer in another firm where he is not a partner, but instead of getting interest on deposit he has paid due to negative balance. so while filing huf return how the interest paid is treated?


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