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Can i claim interest paid on borrowed funds for Investment in shares as deduction

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(Querist)
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
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 September 2021 No. for capital gains, its not cost of improvement.
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Swapnil

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Swapnil (Querist)
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

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Dhirajlal Rambhia (Expert)
26 September 2021 Yes..... .

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