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.
CAclubindia
