Query on income tax
This query is : Resolved
11 August 2014
Can I take a loan(interest free or with interest) from my husband pledging my jewels and use the amount to invest in FD/shares? In such case what will be the tax implications for me and my husband. Will be very helpful if someone can throw some light on this. Thanks much in advance.
Rupesh Jain
(Expert)
12 August 2014
there is no deduction of intt paid on loan. but intt. and share profit income will taxable in your hand.
intt paid to his husband will taxable in your husband hand.
intt paid to his husband will taxable in your husband hand.
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