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Interest on loan

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(Querist)
24 January 2014 Is it possible to take loan on interest and given loan to any person at free of charge ? If possible then please explain & it is valid at time of scrutiny on which ground.
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AVTAR SINGH

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AVTAR SINGH (Expert)
25 January 2014 In such a situation you can't claim deduction of interest paid by you.

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