Deductability of interest on loan against shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2017
Can interest on loan against shares taken from NBFC be claimed as expense against either F&O income, Short term capital gains (equities), or speculative (intra-day) gains?
17 June 2017
not against short term trading
for F&O and speculative trading, it will depend on how and to what extent the loaned funds were employed for F&O and speculative activities.
for F&O and speculative trading, it will depend on how and to what extent the loaned funds were employed for F&O and speculative activities.
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