Interest payment

This query is : Resolved 

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?

11 July 2008 Against which head of income?

11 July 2008 Profit and Gains from Business & Profession.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries