deduction of interest on unsecured loan
This query is : Resolved
06 May 2009
dear sir ,
can we take deduction of interest paid on unsecured loan/secured loan taken in personal capital a/c of individual. as loan invested in partnership firm as capital .
can we deduct it from remuneration and interest recieved from firm on capital or not.or what should be treatment of interest on loan.
please give me reference about the same
can we take deduction of interest paid on unsecured loan/secured loan taken in personal capital a/c of individual. as loan invested in partnership firm as capital .
can we deduct it from remuneration and interest recieved from firm on capital or not.or what should be treatment of interest on loan.
please give me reference about the same
06 May 2009
answered.
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