Set off of loss
This query is : Resolved
vijay sangale
(Querist)
23 June 2010
Please guide me
Under head Income from other sources,if interest received is less than interest paid then can we set off that loss against other heads of income?
Can we also set off business income?
Under head Income from other sources,if interest received is less than interest paid then can we set off that loss against other heads of income?
Can we also set off business income?
Shudhanshu Agrawal
(Expert)
23 June 2010
I am not able to understand that how it can be possible that interest received is less than interest paid under Income from Other sources. Please provide any example so that it is easy to reply.
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