Income from other sources
This query is : Resolved
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.
29 June 2013
YES YOU CAN CLAIM THE INTEREST AMOUNT UNDER SECTION 57.
29 June 2013
Yes Agree with CA Navin Jain.
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