Investment in shares-Cj

Tax queries 124 views 3 replies

Is it allowed to make a long term/short term investment in shares via unsecured loans? Also can intraday trading or derivatives trading be carried out via unsecured loans? 

Replies (3)
Yes there's no problem with that.

Is it preferred in case of LLPs & companies? 

Generally loan funds shall be used for the purpose for which loan was primarily raised


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