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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2012 My client is woman above 70 years.She has got interest income from loan given to others for the year 2011-12.I want to know whether any exp.like salary to staff,conveyance exp,or staff welfare exp could be deducted from her total income.

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Lekh Sood

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Lekh Sood (Expert)
30 May 2012 Please clarify if she is having an establishment and is in the business of providing loans on interest.

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