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Where to show interest expense in itr
please clarify the same
Replies (4)
If is in connection with business and profession show in head INCOME FROM BUSINESS AND PROFESSION. Any other interest expense(other than bank interest) shall be shown in head INCOME FROM OTHER SOURCE
Deduction available for expenses like commission
Int expense are financial expense and to be shown under respective financial charges head
@ Ankush
what type of interest expense against what type of loan and what type of income generated out of that loan
You have not provided any info for a reply
what type of interest expense against what type of loan and what type of income generated out of that loan
You have not provided any info for a reply
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