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Personal Loan

24 August 2018

if some one take personal loan then the amount added to taxabke income or not ?

what benefits can be avail by personal loan ?

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3 Replies

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 24 August 2018

Loans can't calculate as Your Income...

Also no more benifts from income tax view

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A personal loan is a type of unsecured loan and helps to meet your current financial needs. You don't usually need to pledge any security or collateral while availing a personal loan and your lender provides you with the flexibility to use the funds as per your need. It's not your income than how its comes in your income..