Dear Sir/Madam,
Can a assesse having salary income deduct interest paid on personal loan?
i.e. can loss on IFOS (interest on personal loan) be deducted from income from salary income?
2 Replies
ACA Sarita Laddha
(Practicing CA)
(1225 Points)
Replied 25 July 2019
expense are deducted if it's spent to earn income from that.as for income under the head salary such expense is not deductible
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