Interest on housing loan
This query is : Resolved
11 June 2015
Is interest on housing loan paid will added to cost of acquisition while calculating capital gain
CMA MALHAR BEHERA
(Expert)
11 June 2015
Yes.
As per Section 55(2) Interest on moneys borrowed to purchase asset is part of actual cost of asset.
As per Section 55(2) Interest on moneys borrowed to purchase asset is part of actual cost of asset.
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