Capital gain computation - allowability of the interest for ...

Interest costs for buying capital assets aren't deductible when calculating capital gains u/s 45 of the Income Tax Act.

April 2, 2019

Case Laws Income Tax AT

Capital gain computation - allowability of the interest for purchasing a capital asset - interest cost for the period for which the capital asset was retained or held by the assessee prior to being sold/transferred is not deductible u/s. 48 in computing capital gain u/s. 45.

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Capital gain computation - allowability of the interest for ...

Interest costs for buying capital assets aren't deductible when calculating capital gains u/s 45 of the Income Tax Act.

April 2, 2019

Case Laws Income Tax AT

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