I have taken loan to buy shares. can i capitalise ineterst paid on loan in the acquisition cost of the shares? please note that i will show profit has capital gain and not business profit.
DHRUV (student) (123 Points)
29 August 2024I have taken loan to buy shares. can i capitalise ineterst paid on loan in the acquisition cost of the shares? please note that i will show profit has capital gain and not business profit.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174842 Points)
Replied 29 August 2024
No. Not allowed for capital investment.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
