Can I show my personal loan taken for Home Renovations as one of the tax saving options?
Menu
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
Recent Topics :
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
Related Topics :
CAclubindia
