Whether interest paid shall be treated as cost of acquisition?
myITreturn Helpdesk
Updated
Yes, interest paid on loan taken for purchasing capital asset shall be treated as cost of acquisition.
Cost of acquisition, capital asset, Income Tax ReturnThe article clarifies that interest paid on loan taken for purchasing capital asset shall be treated as cost of acquisition.
About myITreturn.com
myITreturn.com is India's leading Tax and Compliance solutions provider. Our
solutions are used by over 3 million users and by ET & Fortune 500 companies.
Learn more about our products and services at the links given below:
Comments
0 comments
Please sign in to leave a comment.