Interest income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 March 2013
I have made a FD in Bank and taken a loan against FD.Whether the interest paid on FD can be set off from the interest income FROM fd while calculating the income under the head Other sources.
14 August 2013
no deduction available against interest income
14 August 2013
no deduction allowed under sec57.
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