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Bank chanrges

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(Querist)
23 October 2015 Whether Bank charges are allowed as deduction from the Bank Interest of an Individual ?
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
23 October 2015 nopes....!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Amol S Joglekar

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Amol S Joglekar (Expert)
23 October 2015 expenses incurred to earn the interest can be deducted. It would be wild imagination to treat entire bank charges incurred to earn the interest.
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