Interest paid/received
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2010
In case a Director of a company lends moeny to the company from the borrowed fund from some bank ,& company pay him interest at some fixed rate for the money he had given to the company ,then while filling his personal return wheather he can claim deduction of interest paid to bank from the interest income he receives from the company.
22 June 2010
YES
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