i am individual ..i have income from partnership..so its bs income
when i make my individual return can i claim expenses of my car loan interest
1 Replies
Gaurav
(SELF EMPLOYED)
(100 Points)
Replied 01 March 2019
No you cannot claim your personal car loan interest in the return. Business income does not necessarily means you can claim expenses. The nexus between the expenses and business income needs to be proved
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
