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
Menu
loan for investing in shares
Replies (2)
no... he can't take that as an expense. it is disallowed...
I think as per sec 37 it will be allow
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
