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Deduction on interest paid on loan taken from lic

This query is : Resolved 
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(Querist)
02 August 2010 If i took loan on my old lic and reinvested in other new one lic policy. can i get deduction from other sources income for interst paid on that loan.



Neeraj gupta

Neerajgupta_111@yahoo.com
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
02 August 2010 No as this could be termed as Expenditure incurred in relation to income not includible in total income and be disallowed u/s 14A.

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