I have taken Personal Loan to buy stocks can I get tax benefit on its interest ?

Pratik Rawool (12 Points)

25 July 2024  

I have taken Personal Loan back in 2022 and invested the entire amount in stock market, Can I get any tax benefit on the interest paid amount ? and if yes can I file ITR 2 and add the amount as a cost of acquisition and what is the max amount limit that I can get tax benefit on.

I dont want to file a ITR 3 as a business or profession expense as then I wont be able to switch back to normal ITR 1/2.