Capital gains

This query is : Resolved 

26 November 2013 I sold a flat within 1 month of possession it is understood that it comes under short term capital gains can I add the unavailed interest part of my home loan to asset value while calculating the gain or loss

27 November 2013 No it is not allowed. Payment of interest is your convinience for buying the property and not a expense to be capitalised on the property.

01 December 2013 Exactly.. You can not add it...




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