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What is the impact of negative interest on capital in itr

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 December 2018 Whether negative interest shall be reduce from remuneration or not in Income tax return
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 December 2018 Negative interest on capital will not reduce taxable remuneration income.
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Querist : Anonymous

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Querist : Anonymous (Querist)
27 December 2018 why negative interest on capital not considered kindly give brief discussion on that
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 December 2018 Any business loss has to be carried forward and set off against future gains.
See set off and carry forward rules. Business loss can't be set off against salary income.

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