Poonawalla fincorps
Poonawalla fincorps

Sec 57

This query is : Resolved 
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(Querist)
06 April 2009 Money borrowed specifically to invest in few instruments like bonds, FD etc

Interest earned on that instrument - 5K
Interest paid on money borrowed - 10K

So taxable Income from Other Source will be Loss 5000

Is the treatment correct ?
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
06 April 2009 right

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