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Huf loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 August 2015 Sir,
I have taken a loan from my HUF Account. I am paying 18 % Interest to this loan account.I have give this loan amount to company as loan at 10 % Interest.When i file my personal account can i take any deduction from the Interest which i give to HUF?
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Amol S Joglekar

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Amol S Joglekar (Expert)
07 August 2015 It seems you have taken loan in your individual capacity and not for any business/proprietary concern. No deduction as such is available for such an instance.
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