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PERSONAL LOAN DEDUCTION IF ANY
An assessee has taken a Personal loan for renovation for his fathers home, as home was not in his name he cant take loan in his name for renovation and his 40% salary is spending in emi and at the year end he has to pay tax for around 56-60 thousand which is heavy for him his NTI is 725000. Please suggest an option for tax savings?
Replies (1)
Interest on personal loan not allowed as deduction
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