Satyanarayana (General) (37 Points)
29 August 2012Hi,
I am filing tax return as individual. I have interest income and at the same time I have paid interest, as I borrowed money that is used to invest.
Can I claim the interest paid by me (on borrowed money) as expense in ITR2 - Schedule OS - under the head Expenses (Line tagged as fi in the ITR2 form)
Thank you
Satyanarayana
ativ patel
(Work)
(32 Points)
Replied 29 August 2012
It means you have IFOS loss ,if yes then no problem.
go on
Satyanarayana
(General)
(37 Points)
Replied 29 August 2012
| Originally posted by : ativ patel | ||
 |
It means you have IFOS loss ,if yes then no problem. go on |
|
Thank you for you reply. I do not have any IFOS loss. I have interest income that is more than the interest I paid. I have TDS details for the interest income.
So is it OK even in this case to claim the interest paid by me as expense?
Thank you.
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