Dear Sir,
I have obtained the agriculture jewelry loan from the bank. Is there any provision for such loan repayment in the income tax.
Thanks / regards,
Suresh Chandra.
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Agriculture Jewelry loan
Replies (2)
Mr.Sureshchandra
Since agricultural income is exempted from payment of income-tax. Any expenditure laid down to earn such exempted income is not deductible while computing the total income. Please go through section 14A.
Best Wishes
Sathikonda
Dear Suresh,
Sathikonda Sir is absolutely perfect with his comments..........
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