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Interest on personal loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 December 2009 Kindly advise me, wheather interst paid on personal loan obtained by assessee for treatment of his wife is allowed against the salary income of assessee.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
31 December 2009 No
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
31 December 2009 no
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
31 December 2009 No,it is not allowed
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
31 December 2009 nooo
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
31 December 2009 nooo
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CA Sidhi Gaur

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CA Sidhi Gaur (Expert)
01 January 2010 no.it is not allowed to deduct int. from salary.u cn only claim deductions in respect of things covered u/s 80C, 80CCC,80D,80DDB, 80G and 80GG from salary income.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
01 January 2010 no only you
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
01 January 2010 agree with CA Sidhi
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Ratan Sharma

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Ratan Sharma (Expert)
01 January 2010 What type of treatment she is undergone? u can get the benefit u/s. 80DDB if she is sufferring from the prescribed diseases.
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Praveen Sharma

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Praveen Sharma (Expert)
02 January 2010 Interest on personal loan is not allowable.
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ANIL JANGID

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ANIL JANGID (Expert)
02 January 2010 NO
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