ALLOWABLE EXPENSES ON SHORT TERM CAPITAL GAIN
This query is : Resolved
06 March 2021
CAN I CLAIM INTEREST ON LOAN AVAILED FROM LOAN AGAINST SECURITIES ACCOUNT FOR THE SHORT TERM CAPITAL GAIN
ALSO PLEASE ADVISE INTEREST ON PERSONAL LOAN AVAILED TO PURCHASE OF SHARES IS ALLOWABLE AS EXPENSES FROM SHORT TERM GAIN
T VIJAYAN
ALSO PLEASE ADVISE INTEREST ON PERSONAL LOAN AVAILED TO PURCHASE OF SHARES IS ALLOWABLE AS EXPENSES FROM SHORT TERM GAIN
T VIJAYAN
06 March 2021
An assessee is entitled to include interest in the capital cost while computing capital gains u/s. 48 of the Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Eway bill for machinery reparing
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Income of an individual
- Applicable TDS for Purchase of Flat from NRI
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
