Interest on housing loan
This query is : Open
11 June 2017
can interest paid on housing loan be considered in cost of acquisition while computing capital gains from sale of such property in future?
CA Rashmi Gandhi
(Expert)
11 June 2017
Interest can't be form part of cost of acquisition.
11 June 2017
Thank you mam for your instant reply.
however, can you please elaborate as tp why it cannot be claimed as it is incurred to acquire a clear title of property
CA Rashmi Gandhi
(Expert)
11 June 2017
Deduction for Interest on housing loan is already allowed as deduction in house property
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