Dear Sir/Madam,
Can a assesse having salary income deduct interest paid on personal loan?
i.e. can loss on IFOS (interest on personal loan) be deducted from income from salary income?
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Salary Income
Replies (2)
expense are deducted if it's spent to earn income from that.as for income under the head salary such expense is not deductible
Thank you madam for your valuable reply
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