Interest on personal loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 December 2009 Kindly advise me, wheather interst paid on personal loan obtained by assessee for treatment of his wife is allowed against the salary income of assessee.

31 December 2009 No

31 December 2009 no


31 December 2009 No,it is not allowed

31 December 2009 nooo

31 December 2009 nooo

01 January 2010 no.it is not allowed to deduct int. from salary.u cn only claim deductions in respect of things covered u/s 80C, 80CCC,80D,80DDB, 80G and 80GG from salary income.

01 January 2010 no only you


01 January 2010 agree with CA Sidhi

01 January 2010 What type of treatment she is undergone? u can get the benefit u/s. 80DDB if she is sufferring from the prescribed diseases.

02 January 2010 Interest on personal loan is not allowable.

02 January 2010 NO




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