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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 270A penalty
- GST Registration Application -Rejected
- GSTR 9C- Table 9
- Tax liability on gift amount given to blood relation
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Gst registration rule 14A
- Sale Proceed of Urban Agri. Land received in Advance in FY 24-25 but Registry is made in next year
- When was the effective CA partnership deed? Can I use old FRN until new FRN alloted by ICAI?
- Reimbursement of expense- GST applicable or not
- Form 104 stamp paper deed
- PLACE OF SUPPLY FOR COMMISSION AGENT
- Transport service POS
- E INVOICE, E-WAY, INVOICE
- GST RATE ON CONSTRUCTION BRICKS ?
- E stamp paper purchase
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
