Can the loan taken for improvement ?


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Querist : Anonymous

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Querist : Anonymous (Querist)
29 October 2013 If someone takes loan from bank on his residential property for improvement then while calculating the long term capital gain this loan can be considered as cost of improvement without any other conclusive evidence except loan statement......?

@VaibhavJ (Expert)
29 October 2013 Yes!

You can claim as Improvement cost.

Thanks//VaibhavJ


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