Can I show my personal loan taken for Home Renovations as one of the tax saving options?
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Personal loan as tax saving option
Replies (2)
no you can't show. only home loan taken can be shown for tax benefit
point 1. for home renovation no concession
2. if personal loan is taken and utilised for buying or construction of house property, which qualifies for rebate, then interest portion can be claimed. similarly jewel loan taken. reminder from Loans taken from Banks / Financial institutions
2. if personal loan is taken and utilised for buying or construction of house property, which qualifies for rebate, then interest portion can be claimed. similarly jewel loan taken. reminder from Loans taken from Banks / Financial institutions
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