Hello every one.
My question is that if we purchase shares from borrowed money, does the interest paid on the borrowed money is treated as the cost of acquisition or it is not allowable?
Thanks in advance.
Menu
Capital gains
Replies (2)
No it is not allowable...
interest paid on borrowed money will not become cost of acquition
but it can be claimed from divident earned
Recent Threads
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
Related Threads
CAclubindia
