Interest on Deposit of Minor Income
This query is : Resolved
CA CS VINAYAK PATIL
(Querist)
03 March 2009
If Assessee received income from interest on F/D of Minor Income. he will also loan taken from that F/D and paid interest on F/D loan can he take befit of U/s 57 and U/s 10(32) both. or only take one of the two section.
03 March 2009
Interest paid on loan taken against fixed deposit cannot be deducted from the fixed deposit interest as per supreme court decision in CIT Vs. Dr. V.P.Gopinathan.
03 March 2009
adding furthure to Warrier, but assessee will get exemption u/s 10(32) upto max of 1500.
CA CS VINAYAK PATIL
(Querist)
04 March 2009
not yet answer
01 August 2024
https://docs.google.com/document/d/1qDtIJN5vN_HVhCeeJF1ZGGx-hNoYzJU_qpzNrL8Jne0/edit?usp=sharing
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