banner_ad

Took Personal Loan from my wife's bank account and transferred to my account to invest in stock

Tax queries 462 views 3 replies

I took a personal loan from my wifes bank account and trasnferred it to my bank account and invested the money in stock market. 

So can I show the interest charges in my tax filing and get some tax benefit ?

Like can I add the interest amount to the cost of acquisition of a specific stock bought by the loan money and claim tax benefit ?

Replies (3)

Payment of any interest to spouse is generally not accepted by ITD.

Thank you for your reply.

You are welcome.                   


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details