loan for investing in shares

ITR 86 views 2 replies
hi,
assessee-salaried & trading in equity(speculation&shortterm<)
in the above case,
if shares are purchased from bank borrowings, then interest is considered as expense.
THANKX
Replies (2)
no... he can't take that as an expense. it is disallowed...
I think as per sec 37 it will be allow


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