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Income Tax - Highlights / Catch Notes

Home Highlights July 2023 Year 2023 This

LTCG computation - Deduction of expenditure cost of acquisition ...

Income Tax

July 26, 2023

LTCG computation - Deduction of expenditure cost of acquisition u/s 48 - Various High Courts have held that the interest incurred on borrowed funds are to be treated as ‘cost of acquisition’ and deduction u/s 48 of the Act was allowed for the said expenditure. - AT

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