About Computation Of CApital GAins


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 July 2011 Is intt. paid on loan taken to acquire house treated as Cost of Acquisition WHille Computing the Capital GAins on SAle of house

01 July 2011 Interest on housing loan is allowable U/s 24
while computing the income.
In my view, it can not be capitalised.

Only Cost of Acquisition and Cost of improvement can be indexed and can be deducted from the Net Sales Consideration.


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 July 2011 THANX SIR BUT WAT IS THE TREATMENT OF INTT. PAID ON LOAN TAKEN TO ACQUIRE CAPITAL ASSET OTHER THAN HOUSE.?


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query