Partner
1072 Points
Posted on 19 November 2020
Income from Salary can be set off only with loss on self occupied property. ( loss due to interest on loan for purchase/construction) and not other losses.
Loan to a company by a director by taking loan from others is offence under companies Act.
Pl see rule 2(1)(c)(viii) in Companies (Acceptance of Deposit) Rules 2014.