Tax benefit on personal loan

Roshani Jain (Employee) (155 Points)

19 July 2016

Is there any tax benefit available on personal loan and mortgage loan?

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174477 Points)
Replied 23 July 2016

As such NO. But sometimes, specifically used for house renovation etc, relative tax benefit may be claimed.

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Udgam Koomar (Tax Technologist) (1949 Points)
Replied 23 July 2016

i dont think so, its useless for tax purpose unless used in property but docs needs to be maintained

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CA Rohit Jain (Practice) (1865 Points)
Replied 23 July 2016

no such benefit is available

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Roshani Jain (Employee) (155 Points)
Replied 26 July 2016

Thanks for Information sir!!!

Roshani Jain (Employee) (155 Points)
Replied 26 July 2016

Thanks for Information sir!!!

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