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.
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