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This query is : Resolved
Abdhus Salam
(Querist)
07 November 2016
explain 36(1)clause 3
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Amol S Joglekar
(Expert)
07 November 2016
In computing the income from business/profession, deduction shall be allowed of the interest paid in respect of capital borrowed for the purpose of business/profession. (The interest, if any, for the period from date of borrowing and date of asset being put to use, shall not be allowed)
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