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Short term capital gain

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Querist : Anonymous

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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 .
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 July 2018 No, deduction can be claimed if you show the income/loss under the head 'profit and gains of business or profession'.
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2018 But Sir can I increase my cost of acquisition by considering these expenses .
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