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Interest income

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 March 2013 I have made a FD in Bank and taken a loan against FD.Whether the interest paid on FD can be set off from the interest income FROM fd while calculating the income under the head Other sources.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 August 2013 no deduction available against interest income
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
14 August 2013 no deduction allowed under sec57.
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