DEDUTION IN ITR 4 UNDER OTHER SOURCES
This query is : Resolved
22 June 2021
IN ITR 4 AY 21-22 I HAVE FILLED INTEREST ON COMPANY DEPOSIT RS 70000 / BUT I BORROWED RS 500000/ FROM MY MOTHER AND PAYING INTEREST OF RS 30000/. HOW TO CLAIM DEDUCTION OF INTEREST PAID UNDER SEC 58(2) IN ITR 4 UNDER OTHER SOURCES. I DO NOT FIND ANY DEDUCTION EXCEPT SEC 80.IN OS
A.RAGHAAVENDRAN
A.RAGHAAVENDRAN
22 June 2021
Report the interest income after netting off.
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