Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 December 2012
suppose i have recvd. rs.100 as bnk. intt. and bnk charges is rs.10 then in this case on what amount i have to give tax i.e. on rs.90 or rs.100?
11 December 2012
You have to pay on Rs.100, bank charges will not be deducted from interest income.
However bank charges in relation to the bank account of business or profession ,in such case claim as business expenditure.
However bank charges in relation to the bank account of business or profession ,in such case claim as business expenditure.
Message likes :
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11 December 2012
Hi,
Individual assesse gets standard deduction of 2L so further expense is not allowed from income other rhen those given under Ch-VIA.
Thanks//vaibhav
Individual assesse gets standard deduction of 2L so further expense is not allowed from income other rhen those given under Ch-VIA.
Thanks//vaibhav
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