banner_ad

Interest on Loan to buy shares

ITR 379 views 1 replies

ITR2 EFiling AY2021-22

Question 1) If loan has been taken for acquiring shares, is the interest payable on that loan allowed as deduction? Does that hold true for AY2021-22? If allowed for deduction, how to report and which schedule / which row to report?

Question 2) If loan was taken for acquiring shares like Infosys, TCS, Reliance, and the collective dividend those assets gave was Rs 12000. And the interest on the loan is Rs 21000. Is adjustment of dividend with loan interest allowed? That will leave Rs 9000 loss and can we deduct from the income? If yes, which section to report and how?

Replies (1)

No one expert on the above questions/


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details