Interest expense ?
Querist : Anonymous
I have borrowed capital and I pay interest on it in the same way I have lended money which I show as Income can I get deduction or can claim expense on interest ?
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In case you may show any nexus between the amount borrowed and amount lent then also interest can be claimed.
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In certain cases, interest if not paid for business purpose has been denied to be set off against the interest income.
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Querist : Anonymous
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