i am proprietor of a small business with term loan from nationalised bank.according to bank i am eligible for excemption of tax for interest paid.in efiling under which section i can claim this?
Menu
Term loan interest
Replies (2)
u/s 36(1)(iii) of income tax act, you can google it for more details about it
file you return in form ITR 4, maintain books of a/cs, claim intrest paid on loan as expense u/s 36(1)(III)
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
