Urgent Please??????????????????????

Dear Rajesh,

Interest paid can be added to COA provided it has not been claimed under anyother provision.

Interest on borrowals is deductible only if it is not allowed under section 57 - The interest paid on borrowings for the acquisition of a capital asset must fall for deduction under section 48. But, if the same sum is already the subject-matter of deduction under other heads like those under section 57, it cannot find a place again for the purpose of computation under section 48 - CIT v. Maithreyi Pai https://www.indiankanoon.org/doc/1736123/

Exemption slab (remaining after other income) - In case of Residents can be claimed for STCG u/s 111A & LTCG

Thanks Mr Amir