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Interest pay claimed allowed

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(Querist)
11 May 2021 Sir,
It assess some cash amount from friend through bank mode.assess this amount used for share market trading purposes.
Question:
It assess interest pay to friend amount business expenses claim allowed in it act.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 May 2021 Yes, such payment of interest allowed as business expenses.

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