Comments on: Can I claim deduction for intrsest paid on personal loan ? http://pricelessinvestments.com/investing/can-i-claim-deduction-for-intrsest-paid-on-personal-loan Answers to all your investment questions. Fri, 30 Jul 2010 10:03:10 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: N.J.Reddy http://pricelessinvestments.com/investing/can-i-claim-deduction-for-intrsest-paid-on-personal-loan/comment-page-1#comment-1732 N.J.Reddy Sun, 01 Nov 2009 11:05:22 +0000 http://pricelessinvestments.com/investing/can-i-claim-deduction-for-intrsest-paid-on-personal-loan#comment-1732 The interest paid on the loans taken for the purchase of shares cannot be treated as deduction if you are treating those shares as investment (capital gains). If you are treating those shares as stock-in-trade (business), then the interest can be claimed as deduction. In Short-term or Long-Term Capital gains you will not be able to claim interest as it is neither cost of acquisition nor cost of improvement. Open and read the below given web link to understand about interest deduction. The interest paid on the loans taken for the purchase of shares cannot be treated as deduction if you are treating those shares as investment (capital gains). If you are treating those shares as stock-in-trade (business), then the interest can be claimed as deduction.

In Short-term or Long-Term Capital gains you will not be able to claim interest as it is neither cost of acquisition nor cost of improvement.

Open and read the below given web link to understand about interest deduction.

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