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Intt on car loan is not at all incurred to earn the saving bank interest. becaz as per section 57 only that expenditures are allowed which is incurred to earn the corresponding income. therefore in your case, netting off is not allowed
Please dont confuse on the matter as the same is very cristal clear.

Till majority son was not the owner of the property but the grand-father has the exclusive control over the property, therefore we can show it as grandfather gift the property to the grandson. and we all know that gift from the relatives will not cover under the ambit of section 56

Dear Sir,
In case of generation and distribution of electricity, SLM method wud be applicable and additional deprication would not be allowed.

Yes
As per Section 54EC, Limit is applicable per financial year and not on per transaction.