Expenditures allowable for computation of Capital Gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2010
what types of expenditures are allowed as deduction while computing the capital gain from sale of assets like sale of landed property etc.???
Whether interest on loan taken for the purchase of the assets is an allowable expenditure?? If yes,in what manner?
Whether interest on loan taken for the purchase of the assets is an allowable expenditure?? If yes,in what manner?
14 March 2010
1. only expenses relating to transfer like commission paid for selling of property can be deducted out of capital gains.
2.IN MY OPINION,NO
2.IN MY OPINION,NO
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