Deduction of exp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2012
Sir, one of my client has paid the interest on loan taken from his wife, weather it can be allowed as business exp. as the loan was utilised for business, his accounts are subject to tax audit
pl clarify
pl clarify
Guest
Guest
(Expert)
27 July 2012
Yes Interest on loan is allowable.
28 July 2012
yes u can take deduction of interest n loan.....
Message likes :
1 times
SANYAM ARORA
(Expert)
28 July 2012
Yes you can take the advantage
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