Interest on borrowings is tax deductible but do we apply the same for the principal amount of borrowings as well - Economics - Government Budget and the Economy

Question

Interest on borrowings is tax deductible but do we apply the same
for the principal amount of borrowings as well when we pay them ?

Shvetika Sharma · Accepted Answer

Dear student,
Only the interest on debt is tax deductible and not the principle
amount

Interest on borrowings is tax deductible but do we apply the same for the principal amount of borrowings as well when we pay them ?