Interest payment
This query is : Resolved
Sanjay Jain
(Querist)
11 July 2008
I had taken a loan to Financial Insti. and after wards i had given a loan to my relative at a lower or very low rate than can I claim deduction of interest exp. in the return of income?
S.Srinivasaraghavan
(Expert)
11 July 2008
Against which head of income?
Sanjay Jain
(Querist)
11 July 2008
Profit and Gains from Business & Profession.
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