Can i claim interest paid on borrowed funds for Investment in shares as deduction
This query is : Resolved
26 September 2021 If i invest in shares / mutual funds using borrowed funds , can i claim interest paid for these borrowed
funds as expense while calculating income tax liablity under income from capital gains
funds as expense while calculating income tax liablity under income from capital gains
26 September 2021 No. for capital gains, its not cost of improvement.
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26 September 2021 Sir , Will the interest paid allowed as expense if Income is chargeable under Income from Business ?
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26 September 2021 Yes..... .
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