Interest payment

This query is : Resolved 

11 July 2008 I had taken a loan to Financial Insti. and after wards i had given a loan to my relative at a lower or very low rate than can I claim deduction of interest exp. in the return of income?

11 July 2008 Against which head of income?

11 July 2008 Profit and Gains from Business & Profession.


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