15 April 2014
Respected sir If my income only in head of other sources(Interest Income). Can i claim Interest paid expenses against my Interest income in my income tax Computation ? Please Give me reply.
15 April 2014
the only expenses are allowed from income which you have incurred solely for the purpose of earning such income. So, if you have paid interest to earn interest income then you can claim u/s 57 otherwise you cannot claim
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