Loan taken for Purchase of Shares
This query is : Resolved
06 July 2022
assessee has taken Loan from Bank for Purchase of Shares (held as Investment)
Interest paid on such Loan can be deducted from Taxable Dividend and Capital Gain
OR NOT.
What if assessee has taken loan from relative thru Cheque and invested same in Shares.
Plz reply
Interest paid on such Loan can be deducted from Taxable Dividend and Capital Gain
OR NOT.
What if assessee has taken loan from relative thru Cheque and invested same in Shares.
Plz reply
06 July 2022
Such interest can be deducted from capital gains.
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