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Treatment of interest on loan for taken investmen

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(Querist)
30 August 2011 The company purchased investment(like mutual fund,share etc.) by taking loan .Is interest on loan taken for investment allowed as expense.
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CA. SHIVA SHANKARA R. SHETTY

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CA. SHIVA SHANKARA R. SHETTY (Expert)
09 September 2011 The loan interest can be deducted from the income from investment.

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