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Tax Benefit on Personal Loan

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(Querist)
07 January 2020 Can we take tax benefits in Individual ITR on personal loan for FY 2019-2020 ? Personal loan for car purchase
If yes please tell me how much interest amount we can claim ?
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
07 January 2020 No tax benefit is available on personal loan, it is available only on home loan and education loan.

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