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Interest on loan income

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(Querist)
07 June 2011 If an individual having income from rent income, bank interest and interest on loan, then what are the expenses are allowed against interest on loan???????? for eg. professional fees paid to CA etc........ Pls reply
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Ravikant

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Ravikant (Expert)
07 June 2011 Any amount incurred wholly and exclusively for making or earning income is deductible u/s 57

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