Loan Taken From LIC The Same Invested In A Firm As Partner and Receiving Interest. Now We Repay The Loan Interest Amount To LIC.
Is The Interest Paid To LIC is Exempt As Per IT. Please Clarify.
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 31 January 2021
I think it is not exempt
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