student
251 Points
Joined January 2009
this depends on whether u r doing day trading or holding shares as capital investments or holding shares as stock in trade.(SIT)
1.if u r involed in day trading then u can claim the interest paid as ur income will be assessed under pbbp(speculation business)
2. if u r holding shares as capital assets u cannot claim such expenses.
3. if u r hold shares as SIT then u can claim the interest as business expense, ur income wlii be assessed under the head pgbp(non speculatiive business)