income from other sources(plllllllsssssss help)

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CAricha (Querist)
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22 July 2009 can we claim interest paid to others or interest paid to bank as expenses under head income from other sources.

Randeep Singh (Expert)
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22 July 2009 Yes, but you have to disclose also the income where this money has been invested on which you are paying interest.

CA Devanshi Gandhi (Ajani) (Expert)
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22 July 2009 u have to show taxable income under IFOS for which such expenditure is incurred

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