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An urgent query plz help

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(Querist)
10 March 2014 Hello Everyone ..

Can some please tell me ..

If i take loan from bank and give my FD as security the what will the effect in Income tax ..

plz help me out ..



thanks alot ;-);-);-);-);-)
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CA Deven

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CA Deven (Expert)
11 March 2014 Simple you can take Interest Income will be IFOS and Interest paid will be allowable expenditure as a deduction
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