Tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2012 suppose i have recvd. rs.100 as bnk. intt. and bnk charges is rs.10 then in this case on what amount i have to give tax i.e. on rs.90 or rs.100?

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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11 December 2012 You have to pay on Rs.100, bank charges will not be deducted from interest income.

However bank charges in relation to the bank account of business or profession ,in such case claim as business expenditure.

Message likes : 1 times

@VaibhavJ

@VaibhavJ (Expert)
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11 December 2012 Hi,

Individual assesse gets standard deduction of 2L so further expense is not allowed from income other rhen those given under Ch-VIA.

Thanks//vaibhav

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