INTEREST ON DEPOSIT IS PAID BY AN ASSESSEE. WHETHER HE WIL GET ANY DEDUCTION WHILE FILING HIS INDIVIDUAL RETURN.
2 Replies
Sonam Bidasaria
(CA)
(770 Points)
Replied 21 March 2012
Whether the individual is carrying on any business?
Deepak Patel
(CA Final)
(136 Points)
Replied 22 March 2012
assessee is an huf, he is partner in a firm and also a depositer in another firm where he is not a partner, but instead of getting interest on deposit he has paid due to negative balance. so while filing huf return how the interest paid is treated?
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