Can i claim interest paid on borrowed funds for Investment in shares as deduction
This query is : Resolved
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
26 September 2021
No. for capital gains, its not cost of improvement.
Message likes :
1 times
26 September 2021
Sir , Will the interest paid allowed as expense if Income is chargeable under Income from Business ?
Message likes :
1 times
26 September 2021
Yes..... .
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- RNOR Status but Investments more than Income
- Procedure for claiming exemption in Article Ship for CA Course
- What is provisional receipt number for generation of form 16A
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
