There is no clear mention about whether interest paid on loan can be added to the value of property while calculating capital gain in tax income or not. Section 24B states that interest paid on a home loan shall be allowed as a deduction at the time of computing income from house property. But in the end do remember that taxpayers should be evaluating every document and its statement carefully before asking for such relief. It is better to seek expert help in such matters and let them provide you with the best possible solution after going through your documents.
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Can interest paid on borrowed money can be added to value of property while calculating capital gain in income tax?
upendratarwadi
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2022-05-02T18:01:56+00:00 2022-05-16T20:19:27+00:00Comment
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