Easy Office
LCI Learning

Interest on Fixed Deposit with bank

This query is : Resolved 

11 July 2023 Assessee having only Salary and other sources Income
He is having Interest on F D and also taken loan against F D.
Whether Interest paid on loan can be deducted against interest earned on F D

Can interest paid be more than Interest earned and the difference can be deducted against other income ?

11 July 2023 In such a case deduction can't be claimed.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query