Interest costs for buying capital assets aren't deductible when calculating capital gains u/s 45 of the Income Tax Act.

Interest costs for buying capital assets aren't deductible when calculating capital gains u/s 45 of the Income Tax Act. https://www.taxtmi.com/highlights?id=45601 Capital gain computation - allowability of the interest for purchasing a capital asset - interest cost for the period for which the capital asset was retained or held by the assessee prior to being sold/transferred is not deductible u/s. 48 in computing capital gain u/s. 45. en-us Tue, 02 Apr 2019 07:26:52 +0530 Tue, 02 Apr 2019 07:26:52 +0530 TaxTMI RSS Generator Interest costs for buying capital assets aren't deductible when calculating capital gains u/s 45 of the Income Tax Act. https://www.taxtmi.com/highlights?id=45601 Capital gain computation - allowability of the interest for purchasing a capital asset - interest cost for the period for which the capital asset was retained or held by the assessee prior to being sold/transferred is not deductible u/s. 48 in computing capital gain u/s. 45. Highlights Income Tax Tue, 02 Apr 2019 07:26:52 +0530 https://www.taxtmi.com/highlights?id=45601