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deduction of interest on unsecured loan

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(Querist)
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
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chetan soni

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chetan soni (Expert)
06 May 2009 answered.
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