alleryStart learning →Can further expenses be deducted from interest on enhanced compensation?
AYes, if wholly spent for it
BNo, none is allowed
CYes, collection charges
DYes, up to ten percent
Answer & Solution
Correct answer: B. No, none is allowed
Section 57(iv) states that once the fifty percent deduction is given, no deduction under any other clause of section 57 is allowed.
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