I took overdraft loan for land purchase,but deal was not settled. Can I invest some of loan amount in NCD (monthly interest scheme). While filing ITR, can I show net interest income as NCD interest received minus interest paid to bank for loan?
Menu
Net interest income - ITR
Replies (1)
Yes, file ITR 3 and declare the income under business head.
Recent Threads
- 44ADA income declaration
- Taxation of RSU sold of foreign listed entity by e
- Form26QB in case of death of joint owner (seller)
- Exemption of allowance
- Hardship compensation recd from builder (redevelop
- ITC CLAIM REGARDING EXPENSES
- Section 54 exmeption on under construction propert
- Taking too long to process ITR-2
- RCM or not
- AIS NOT OPEN
Related Threads
CAclubindia
