EASYOFFICE

Can the loan taken for improvement ?

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 October 2013 If someone takes loan from bank on his residential property for improvement then while calculating the long term capital gain this loan can be considered as cost of improvement without any other conclusive evidence except loan statement......?
Profile Image

@VaibhavJ

Profile Image

@VaibhavJ (Expert)
29 October 2013 Yes!

You can claim as Improvement cost.

Thanks//VaibhavJ

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links