Interest

This query is : Resolved 

30 July 2014 we have taken a personal loan, and invested in FD for certain months. Interest earned Rs. 47500, and interest paid Rs. approx 80,000.

I am a salaried employee. Pls. suggest can we adjust Interest paid with Interest earned?

30 July 2014 No it is not allowed.

30 July 2014 Thanks, Can u pls. provide some references regarding this


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