07 March 2016
The assessee has borrowed fund on Interest basis & invested in Equity Capital of a private Limited Company, whether he can claim interest expenditure in his ITR in IOS head as Negative Income ???
07 March 2016
Dear Negative income means loss. And you cannot claim loss under the head other sources. But if you want to claim loss you may show the income under head pgbp if it satisfies the conditions of business.
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