Definition of financial institution

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2016 Dear Experts,
Plz explain the definition of financial
Institution

Regard
Ankur Goyal

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

28 April 2016 are you aiming at PUBLIC financial institutions?

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2016 To claim the interest deduction what should
Be the definition of financial institution...

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

28 April 2016 It is as per the companies act. Tell me your exact difficulty. Which company or society etc, you are confused about being financial institute or not. Tell me.

Querist : Anonymous

Querist : Anonymous (Querist)

30 April 2016 My client has taken housing loan from
Yadav finance corporation... i want to know
Weather this finance corporation is cover
The definition of financial institution to
claim interest deduction...how to know,

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

02 May 2016 https://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx

you can please go through this section. As is said in this section, one can claim the interest deduction from Yadav finance Corporation subject to other conditions set out in the section.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now