https://www.taxtmi.com/forum/issue?id=120475 Interest paid on borrowed funds used to acquire Market Linked Debentures can be capitalised and treated as part of the cost of acquisition for computing capital gain under section 50AA, because section 50AA only recharacterises gains as short term and does not displace section 48; this is permissible provided the interest was not claimed as a revenue deduction under any other head. en-us Fri, 19 Sep 2025 14:55:43 +0530 Fri, 19 Dec 2025 10:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120475 Interest paid on borrowed funds used to acquire Market Linked Debentures can be capitalised and treated as part of the cost of acquisition for computing capital gain under section 50AA, because section 50AA only recharacterises gains as short term and does not displace section 48; this is permissible provided the interest was not claimed as a revenue deduction under any other head. Discussion-Forum Income Tax Fri, 19 Sep 2025 14:55:43 +0530 https://www.taxtmi.com/forum/issue?id=120475