Interest allowed or not on cost of improvement

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gaurav chaurasiya (Querist)
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27 March 2014 I want to know that interest on loan for cost of improvement in case of individual capital assets is allowed or not in short term capital gain.

zeeshan

zeeshan (Querist)
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27 March 2014 i hv compltd my 6 months of articleship,bt now i want to take transfer.so can i submit directly form 109 in icai.and after joining in other firm shall i need to fill again the form 102 & 103.plz reply

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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27 March 2014 @gaurav the ans is yes.....allowed

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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27 March 2014 yes in 1 st year u can directly follow the procedure u mentioned.

gaurav chaurasiya

gaurav chaurasiya (Querist)
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28 March 2014 Thank You.

Plz mention section also & in breaf. Party as individual & constucted building not shown as busniness selling the plots & following as Short term capital gain. So does interest on loan from other party can be included in cost of improvement, & not paid interest on loan for two year can he pay the interest at end of second year.