ITR-1 and deduction U/s 57(i)


This query is : Resolved 

Quick Summary
This query asks whether it's possible to claim a deduction for 20% interest expenditure on dividend income exceeding £1.5 lakh when filing ITR-1 for the Assessment Year 2021-22. The individual's income sources are limited to salary, bank interest, and dividends. The user is seeking clarification on this specific tax deduction scenario.

31 July 2021 Can we claim deduction of interest expenditure ( @20%) on dividend received above 1.5 lac through ITR-1 for the A.Y. 2021-22 of the Person having income from salary, bank interest and dividend only? Kindly reply. Regards, Limpa Chakraborty

31 July 2021 Your kind reply / direction is solicited. Regards, Limpa Chakraborty

31 July 2021 KINDLY REPLY TO DO THE NEEDFUL. Regards, Limpa Chakraborty

01 August 2021 Kindly arrange to send your valuable reply. Regards, Limpa Chakraborty

05 August 2021 kindly arrange to send your valuable opinion. Regards, Limpac Chakraborty


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