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Itr-1 deduction
i had filed my return on 30.7.13
in that my interest income from loan advanced to my relatives is 60000 on which tds dedcuted is 6000....
now, i am asking that can i deduct 1000 i.e for professional fees i paid last year to my ca for filing return from 60000 or not.
Replies (2)
Acc to me no u cannot avail a deduction of 1000 as it not an expenditure made to earn income. Plz rectify if incorrect
against the earning of interest you can only claim interest expense that to if you can prove that the funds utilised are from loan taken.
Else no expenses can be claimed by you.
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