13 March 2015
If a individual has a income of Rs 5 lakhs as PGBP and is paying Rs 100000 as interest on unsecured loans from his personal account, then is the interest portion deductible from the PGBP income while computing tax payable??
13 March 2015
if its treated as business loan and then shown as int paid for business purpose then allowed but then u need to show in bal sheet of business as loan
CAclubindia
