CA Sanjay Mukhopadhyay
Borrowing cost whether part of purchase cost of equity share
Sanjay Mukhopadhyay (CA Job) (16 Points)
21 May 2015Sanjay Mukhopadhyay (CA Job) (16 Points)
21 May 2015CA Sanjay Mukhopadhyay
S.Vix
(ARTICLED CLERK)
(60 Points)
Replied 29 May 2015
Dear Sir,
In my view interest cannot be considered neither as cost of acquisition nor as cost of improvement as it was incurred after acquisition and no improvement were to the asset because of the expense hence it cannot be deducted