Dear Forum
I would like to require a guideline as to whether the borrowing cost of acquiring shares will form a part of cost of acquisition while these shares could be sold of in short term generating STCG/L.CA Sanjay Mukhopadhyay
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Borrowing cost whether part of purchase cost of equity share
Replies (1)
Dear Sir,
In my view interest cannot be considered neither as cost of acquisition nor as cost of improvement as it was incurred after acquisition and no improvement were to the asset because of the expense hence it cannot be deducted
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