Income from other sources
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 December 2013
I have paid interest on loan taken from bank. I also have income from FD interest which is shown in Income From Other Sources.
Can the interest on term loan from bank be claimed as expense against interest income from bank fixed deposit u/s 57?
Thanks in Advance!
Can the interest on term loan from bank be claimed as expense against interest income from bank fixed deposit u/s 57?
Thanks in Advance!
27 December 2013
Set off is not possible vide supreme court decision in Dr. V.P. Gopinathan's case.
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