Capital Gain
This query is : Resolved
aakash dalmia
(Querist)
28 June 2016
1) If an assesse aquired a land by borrowing money from bank whether the interest paid to bank would form part of cost of aquisition??
2) If an assesse acquired a land and mortgaged it to raise loan to pay consideration of property whether interest payable in this case would form his cost of acquisition??
Rupesh Jain
(Expert)
28 June 2016
in first case its part of cost of acquisition , but not in second case for land but consider for property.
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