Cash credit limit against term deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2015
i am running my own business . i want to avail cash credit limit against fixed deposit . my query-
can i show the interest as expenditure of business ? can i get tax benefit of interest of above ac ?
can i show the interest as expenditure of business ? can i get tax benefit of interest of above ac ?
01 April 2015
you can claim as interest on cc in the business since you have taken the CC for business purpose
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