Income tax
This query is : Resolved
30 October 2007
I have subscribed for a Chit of Rs 100000/
I have participate in bid and succeed in draw.I received cash of Rs 80000/after deducting premium of Rs20000(chit Kasar)
I utilised that amount to construct the house.Can I claim that chit kasar as interest under head HP income?
I have participate in bid and succeed in draw.I received cash of Rs 80000/after deducting premium of Rs20000(chit Kasar)
I utilised that amount to construct the house.Can I claim that chit kasar as interest under head HP income?
kumar arumugam
(Expert)
31 October 2007
no, you can not.
kumar arumugam
(Expert)
31 October 2007
no, you can not.
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