Hi,
In FY23, I worked for only one month (Apr 2022) as an employee of a firm and then was unemployed for the rest of the year. I took a personal loan and bought stocks (Equity - Cash Delivery) and sold the stocks after few months that resulted in Short term Capital Gains for FY23. Can I avail the tax benefit by subtracting personal loan interest from the Short Term Capital Gains ?
Thanks
Mani
Yes, if you can corelate the loan taken for the purchase of the shares, but not under STCG.
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