https://www.taxtmi.com/forum/issue?id=109107 A taxpayer bought a commercial premises financed by a loan, demolished it for planned reconstruction which never occurred, and intends to sell the site. The issue is whether interest incurred on the loan over the years can be treated as cost of improvement of the capital asset and thereby attract indexation benefit, or whether that interest must be deducted under other heads of income. en-us Thu, 03 Sep 2015 13:04:12 +0530 Thu, 23 Jan 2025 15:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109107 A taxpayer bought a commercial premises financed by a loan, demolished it for planned reconstruction which never occurred, and intends to sell the site. The issue is whether interest incurred on the loan over the years can be treated as cost of improvement of the capital asset and thereby attract indexation benefit, or whether that interest must be deducted under other heads of income. Discussion-Forum Income Tax Thu, 03 Sep 2015 13:04:12 +0530 https://www.taxtmi.com/forum/issue?id=109107