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Capital Gain

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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??
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Rupesh Jain

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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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