Query about individual account
This query is : Resolved
DIXIT SANKLECHA
(Querist)
15 April 2014
Respected sir
If my income only in head of other sources(Interest Income). Can i claim Interest paid expenses against my Interest income in my income tax Computation ?
Please Give me reply.
Thanks
If my income only in head of other sources(Interest Income). Can i claim Interest paid expenses against my Interest income in my income tax Computation ?
Please Give me reply.
Thanks
Rupesh Jain
(Expert)
15 April 2014
if you are paying interest or expenses to earn interest income then you can claim
EXP.
EXP.
15 April 2014
the only expenses are allowed from income which you have incurred solely for the purpose of earning such income. So, if you have paid interest to earn interest income then you can claim u/s 57 otherwise you cannot claim
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