Section 68

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Article Assistant
61 Points Joined September 2013
If Unsecured Loans are treated as income u/s 68 by the AO then what about the interest on such loans which is actually paid by the assessed.
Can the assessed claim the deduction u/s 36(1)(iii) or u/s 37 as part of business cost ??

kindly suggest.
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On 29 January 2018 at 12:55 Report
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ARTICLE ASSISTANT
102 Points Joined May 2011
No deduction of any expenses
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On 29 January 2018 at 15:11


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