Bank chanrges
This query is : Resolved
23 October 2015
Whether Bank charges are allowed as deduction from the Bank Interest of an Individual ?
CA AnKiT BoHrA (AB)
(Expert)
23 October 2015
nopes....!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Amol S Joglekar
(Expert)
23 October 2015
expenses incurred to earn the interest can be deducted. It would be wild imagination to treat entire bank charges incurred to earn the interest.
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