Income from other source
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 April 2013
are interest is allowable if we invest from taking loan, from the interest receivable income from investment.
20 April 2013
If the earned income income taxable then interest paid on borrowed funds which are used for investment can be claimed.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
21 April 2013
can it would be possible to take loan from wife and paid interest to her, this interest is taxable to her, and husband pay tax on interest from investment and claim interest pay to wife as deduction.
30 July 2024
https://docs.google.com/document/d/1KfOUxvIj3JM68MN1f1Z8sHNHnY74oC4dEMeTKk9wMYA/edit?usp=sharing
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