Deduction from other sources income

 hi Dipjyoti,

Section 57 allows deduction of expenses incurred to earn the income from Other sources..

Your case can be divided into 2 parts :

1) FD interest requires no expenses to be incurred to earn the same and hence no expense can be claimed

2) CA paper checking - expenses of sending back the papers by speed post is the only expense you have to virtually spend to earn the said income

You can avail exemption on interest income from bank saving account upto Rs. 10,000.

Originally posted by : Mihir
	You can avail exemption on interest income from bank saving account upto Rs. 10,000.

exemption does not extend to interest from FD