https://www.taxtmi.com/highlights?id=39211 Set off of interest paid to members of the society from Interest earned on bank deposits - Section 40 (ba) is applicable while computing business income. This clause is not applicable while computing income from other sources. There is no prohibition in Section 57 (iii) under which deduction of interest is eligible to the assessee society.- AT en-us Thu, 03 May 2018 12:24:02 +0530 Thu, 03 May 2018 12:24:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=39211 Set off of interest paid to members of the society from Interest earned on bank deposits - Section 40 (ba) is applicable while computing business income. This clause is not applicable while computing income from other sources. There is no prohibition in Section 57 (iii) under which deduction of interest is eligible to the assessee society.- AT Highlights Income Tax Thu, 03 May 2018 12:24:02 +0530 https://www.taxtmi.com/highlights?id=39211