INTEREST ON DEPOSIT IS PAID BY AN ASSESSEE. WHETHER HE WIL GET ANY DEDUCTION WHILE FILING HIS INDIVIDUAL RETURN.
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Interest on deposit paid
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Whether the individual is carrying on any business?
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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