Tax deduction related to interest on personal loan
This query is : Resolved
Prashant Vaish
(Querist)
13 March 2015
Dear Sir,
I have avail a personal loan, My query is just can we have any benefit in income tax over payment of personal loan interest. If so then what is section of Chapter VI scheduled for claiming relief from income tax payment.
Please help.
I have avail a personal loan, My query is just can we have any benefit in income tax over payment of personal loan interest. If so then what is section of Chapter VI scheduled for claiming relief from income tax payment.
Please help.
13 March 2015
personal loan intrest is not allowed as deduction under income tax act.
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