Interest on Borrowings for Acquiring NCDs Includible in Cost of Acquisition for Capital Gains Computation
Interest on Borrowings for Acquiring NCDs Includible in Cost of Acquisition for Capital Gains Computation Issue Whether interest paid on borrowed funds utilized for acquiring Non-Convertible Debentures (NCDs) forms an integral part of the cost of acquisition for computing capital gains under Section 48 of the Income-tax Act, 1961 (Section 69 of the Income-tax Act,… Read More »