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Income from other sources

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Querist : Anonymous

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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!
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
27 December 2013 Set off is not possible vide supreme court decision in Dr. V.P. Gopinathan's case.
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