An urgent query

Hello Everyone ..

Can some please tell me ..

If i take loan from bank and give my FD as security the what will the effect in Income tax ..

plz help me out ..

 

thanks alot ;-);-);-);-);-)

 

Replies (2)
Dear krina, f.d interest will come under your income from other sources. And the interest you pay on loan will be allowable deduction. I hope your urgent quey is solved ...... :)

thanks a lot sir ;-);-)

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