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.
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195344 Points)
Replied 29 August 2024
No. Not allowed for capital investment.
Recent Topics
- GST IN CASE OF EXHIBITION
- ADT - 1 FOR 1ST AUDITOR APPOINTEB BY BOD.
- Gamified study break ideas for CA Final prep?
- IT TDS for Dr.Kanagalakshmi
- Running of HUF
- Potential consequence of consolidated TDS entries?
- Recovery of salary by employer for short notice pe
- Enquiry for any CA Firm for Sale in Bangalore
- AIS app is not working.
- RCM applicability of purchase of Railings Grills &
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
