Interet income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2013
I AM A RETIRED PERSON.I RECIEVE PENSION.I HAVE MADE FDs IN FEW BANKS ON BEHALF OF MY RELATIVES.THE INTEREST INCOME WHICH I RECIEVE I HAVE TO REPAY TO MY RELATIVES.NOW CAN I CLAIM THE AMOUNT WHICH I REPAY TO MY RELATIVES AS AN EXPENSE.OR I WILL HAVE TO PAY TAX ON THE ENTIRE INTEREST.
Rupesh Jain
(Expert)
27 June 2013
You have to pay tax on intt.
due to all intt. FDR in your name
and your PAN with Bank.
due to all intt. FDR in your name
and your PAN with Bank.
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