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Income from other source

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 April 2013 are interest is allowable if we invest from taking loan, from the interest receivable income from investment.
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
20 April 2013 If the earned income income taxable then interest paid on borrowed funds which are used for investment can be claimed.
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 April 2013 can it would be possible to take loan from wife and paid interest to her, this interest is taxable to her, and husband pay tax on interest from investment and claim interest pay to wife as deduction.
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Asha Kanta Sharmapro badge

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Asha Kanta Sharmapro badge (Expert)
30 July 2024 https://docs.google.com/document/d/1KfOUxvIj3JM68MN1f1Z8sHNHnY74oC4dEMeTKk9wMYA/edit?usp=sharing

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