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Income from other sources

This query is : Resolved 
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29 June 2013 I AM A RETIRED PERSON.I RECIEVE PENSION.I HAVE MADE FDs IN FEW BANKS ON BEHALF OF MY RELATIVES.THE INTEREST INCOME WHICH I RECIEVE I HAVE TO REPAY TO MY RELATIVES.NOW CAN I CLAIM THE AMOUNT WHICH I REPAY TO MY RELATIVES AS AN EXPENSE.OR I WILL HAVE TO PAY TAX ON THE ENTIRE INTEREST.
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CA Navin Jain

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CA Navin Jain (Expert)
29 June 2013 YES YOU CAN CLAIM THE INTEREST AMOUNT UNDER SECTION 57.
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
29 June 2013 Yes Agree with CA Navin Jain.
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