Interest on bank time deposits

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Chartered Accountant
531 Points Posted on 28 July 2017

Can any expenses be claimed against interest on fixed deposits

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On 28 July 2017 at 20:51 Report
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"Do the Right Thing...!!!"
128157 Points Posted on 28 July 2017
No...
FD interest is also calculated "Income from Other Sources" it's no more deduction under chapter VI A...
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On 28 July 2017 at 21:59

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