Interest on Fixed Deposit with bank
This query is : Resolved
11 July 2023
Assessee having only Salary and other sources Income
He is having Interest on F D and also taken loan against F D.
Whether Interest paid on loan can be deducted against interest earned on F D
Can interest paid be more than Interest earned and the difference can be deducted against other income ?
He is having Interest on F D and also taken loan against F D.
Whether Interest paid on loan can be deducted against interest earned on F D
Can interest paid be more than Interest earned and the difference can be deducted against other income ?
11 July 2023
In such a case deduction can't be claimed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
