taken loan of 10 lac at 14% interest and given to family members at 9 percent
also received FD interest from personal saving
in u/s 56 shown fd interest and interest from family members
deduction u/s 57 - can i claim whole interest of 14percent of loan
please explain
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u/s 56 and 57 of it act
Replies (2)
No it can't be claimed
please mention the relative sections
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