Short term capital gain
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2018
I had burrowed an unsecured loan and i also have secured loan .I have invested these amount in shares .I also invested in portfolio management services . I am gaining short term capital gain on sale of shares .can i deduct Interest and pms fees from my short term capital gain .
21 July 2018
No, deduction can be claimed if you show the income/loss under the head 'profit and gains of business or profession'.
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2018
But Sir can I increase my cost of acquisition by considering these expenses .
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