Income from other sources

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2013 Assessee has received interest from money lent to a company in which he is director and against which paid interest to borrowers of unsecured loan.Such interest paid is in excess of int received Can we claim such excess interest under ios.If yes pls provide base of any case law

20 December 2013 yes it can be shown as net int as income from other sources.

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2013 thanks but it will be loss under ios any caselaw to prove the same???


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