Intrrest income treatment for individuals


(Querist)
12 January 2018
Interest income received 5 lakh and tds 50k has been deducted can we set off this income against our interest paid to unsecured loan.


CA R SEETHARAMAN (Expert)


Click to Talk 12 January 2018
If the interst payment related to borrowing for earning the income then it can be set off.


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