Capital gains
This query is : Resolved
26 November 2013
I sold a flat within 1 month of possession
it is understood that it comes under short term capital gains
can I add the unavailed interest part of my home loan to asset value while calculating the gain or loss
27 November 2013
No it is not allowed. Payment of interest is your convinience for buying the property and not a expense to be capitalised on the property.
01 December 2013
Exactly.. You can not add it...
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