banner_ad

Diduction of borrowed money interest in stcg?

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 September 2017 suppose i borrowed 1lk and i invested in equity and i get LTCG 10000 than it's tax free but if i get STCG 10000 than i have to pay 15% tax in which can i get interest diduction of my borrowed money?
Profile Image

Chhatra Singh Dugar

Profile Image

Chhatra Singh Dugar (Expert)
29 September 2017 Yes whatever expensed incurred in earning STCG it is deductible.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 September 2017 I read many places that only brokerage expense allowed but no one mentioned about borrowed money interest. is there any limit on my interest expense figure ? Means i get STCG suppose 100000 and interest is 90000 in such case like how much amount allowed against my borrowed money interest. i mean it could be maximum my STCG or below it ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details