Interest received on unsecured loans
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2017
I have received interest of Rs.3,00,000/- on unsecured loan paid to a partnership firm and TDS has been deducted by the firm. But I have also paid interest of Rs.1,00,000/- to my relatives on unsecured loan received from him. As such, my income from interest will be Rs.2.00 lac only. Whether there will be any problem in processing the return by CPC, as interest income will not tally with the interest income shown in Form 26AS ?
16 November 2017
Dear.,
As per above view your Interest Income is 3lakh. Your expense is 1 lakh that's all...
As per above view your Interest Income is 3lakh. Your expense is 1 lakh that's all...
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