Whether the interest paid for the purchase of plot showed as Capital Asset, is allowed as deduction as cost of acquisition/ improvement at the time of sale of the capital asset?
CA.AZAD JAIN (CA) (201 Points)
16 February 2018Whether the interest paid for the purchase of plot showed as Capital Asset, is allowed as deduction as cost of acquisition/ improvement at the time of sale of the capital asset?
Balaji Ramalingam
(Student - CA Final)
(285 Points)
Replied 16 February 2018
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