Can interest paid on unsecured loans can be setoff from salaried income
5 Replies
NANDINI MASAND
(learner )
(330 Points)
Replied 21 November 2009
no it cannot be setoff from salried income
praveen
(Chartered Accountant)
(6971 Points)
Replied 22 November 2009
i think u can deduct only loss from house property and depreciaiton loss from salaries and no other loss.
CA. SUDHARSAN K G
(Chartered Accountant)
(472 Points)
Replied 22 November 2009
Hey mukesh please read the set off & carry forward procedures.
You can adjust only HP Loss and none other than this
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