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Query about individual account

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(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
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Rupesh Jain

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Rupesh Jain (Expert)
15 April 2014 if you are paying interest or expenses to earn interest income then you can claim
EXP.
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C.A. Mayur J. Raiyani

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C.A. Mayur J. Raiyani (Expert)
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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