Can money lending be considered as full pledged business and can i drop return considering this type of business.
If yes what are the permissable deductions and Are ther any restrictions or any sections under Income tax act.
What are the precautions to be taken for considering this (money lending activity) as business pls also suggest me what are the claimable expenses (can i claim counter borrowing's interest as exp or there are any restrictions) or any legitamate expenses can be claimable pls suggest regarding money lending business.I need to file return for this activity.
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