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Deduction on interest paid on loan against fd

This query is : Resolved 
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(Querist)
17 July 2016 I am a pensioner and senior citizen.

This year I recevided income through pension and FDs amounting to Rs 667026. During January 2016 I got loan exclusively for my daugher's marriage (no other sources for conducting marriage) of Rs 1300000 (thirteen lakhs) on pledge of my FDs and I paid interest on the loan about Rs 36000. if this interest I paid be deductable from the interest income I earned during the year 2015-2016
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Amol S Joglekar

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Amol S Joglekar (Expert)
17 July 2016 No. This interest is not as such deductible...
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