Can interest paid on unsecured loans can be setoff from salaried income
mukesh dewangan (accounts manager) (39 Points)
21 November 2009Can interest paid on unsecured loans can be setoff from salaried income
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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