deduction us 57
Lalit Agrawal (59 Points)
05 March 2019
is there any deduction available on int on company deposit
Lalit Agrawal (59 Points)
05 March 2019
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 06 March 2019
If you have incurred any expenditure wholly and exclusively for earning the interest on company deposit, only then you can claim that expenditure as deduction under sec 57.
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