Can i claim interest paid on borrowed funds for Investment in shares as deduction
This query is : Resolved
Quick Summary
26 September 2021
If i invest in shares / mutual funds using borrowed funds , can i claim interest paid for these borrowed
funds as expense while calculating income tax liablity under income from capital gains
funds as expense while calculating income tax liablity under income from capital gains
Dhirajlal Rambhia
(Expert)
26 September 2021
No. for capital gains, its not cost of improvement.
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26 September 2021
Sir , Will the interest paid allowed as expense if Income is chargeable under Income from Business ?
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Dhirajlal Rambhia
(Expert)
26 September 2021
Yes..... .
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