interest deduction eligible or not
surendra jain (91 Points)
12 September 2018thanking you
surendra jain (91 Points)
12 September 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195438 Points)
Replied 12 September 2018
Yes, deductible..... but subject to interest chargeable over loan given to relatives....
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195438 Points)
Replied 12 September 2018
Assessing Officer has right to charge tax over the interest free loan as against interest paid by you.
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