Deduction of expenditure under short term capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 November 2013
Sir One of my assessee purchased a Plot of Rs 1500000/-, for that he borrowed funds from Bank & in the same year he sold the same Plot for Rs 25,00,000/-.
Now my question is whether Interest paid on Borrowed Funds are allowable under Short Term Capital gains
Now my question is whether Interest paid on Borrowed Funds are allowable under Short Term Capital gains
15 November 2013
no interest shall not be deductible
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