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

Pratik Rawool (12 Points)

21 July 2024  

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 ?