set off int income
This query is : Resolved
30 March 2009
I recieve int of 7 lacs against loan given to company. I also repay 10 .00 agt some loan taken by me. I have a business income of Rs 5.00 lacs also.
Can I set off excess interest paid by me
on( 7 lacs recieved-10 lacs paid) against business income or any other income.
In case it is not allowed can I carry forward the loss to next year.
Regards
Can I set off excess interest paid by me
on( 7 lacs recieved-10 lacs paid) against business income or any other income.
In case it is not allowed can I carry forward the loss to next year.
Regards
30 March 2009
56
31 March 2009
You can Set off
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- TDS Claim year
- Supply through E-commerce Operators
- Rent lease agreement
- Relief u/s Section 89
- TDS Challan Code
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- SALE BILL AGAINST GOODS RETURN
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- GST ON DAMAGED GOODS
- REGARDING GST LIABILITY/....
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
