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ALLOWABLE EXPENSES ON SHORT TERM CAPITAL GAIN

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(Querist)
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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 March 2021 An assessee is entitled to include interest in the capital cost while computing capital gains u/s. 48 of the Act.

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