Interest Paid to HUF

This discussion examines whether a member of a Hindu Undivided Family (HUF) can claim a deduction for interest paid to the HUF on a loan taken for investment in a Fixed Deposit (FD). While one expert suggests it's not permissible as banking isn't the member's business, another expert holds a different view, stating that the interest paid can be claimed as a deduction against interest income, provided it's reasonable and there's a clear link between the loan and the FD investment.