Sir,
In idexation of Capital Gains, whether we can include the Interest paid on Housing Loans to bank
as cost along with original investment/purchase price for the construction of a house ?
1 Replies
S. Shiroor
(Others)
(1207 Points)
Replied 13 September 2015
Taking Interest would amt to double benefits
Interest on borrowed capital is taken as benfit every year under sec 24.
Taking interest in indexation would amt to reduction in Capital gains.
Thats my view
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