Sec 57
This query is : Resolved
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 ?
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 ?
06 April 2009
right
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