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Q. > Please Help: INCOME TAX
An assessee taken a loan against NSCertificate. Assessee repaid loan amount plus interest amount. If assessee deduct the interest amount and loan repayment amount, when filing the ITR. If yes, please provide details
2 Answers
answered Feb 08, 2013 by CA Gaurav Kumar Agarwal , East Delhi
DEAR fRND,
yOUR qUESTION IS NOT PROPER PLZ UPDATE IT
answered Feb 16, 2013 by Mrattunjay , New Delhi
At the time of filling of ITR: it should not be deducted from income as not permissible for deduction.
If any other specific query please come again.
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naga rakesh
08-Feb-2013 , 11:33:52 amno deduction will be available to him in respect of principle or interest paid