Hi Experts,
I had taken a personal loan from a private Bank last year. I had taken this PL to bridge the gap between the Home Loan (From another Bank) and the Property cost. Now, i would like to know, if i would be able to claim Income tax exemption for the Interest component of the PERSONAL LOAN.
If yes, then what documents are to be produced? I checked with the Bank where I have taken PL, but i was mentioned that the Provisional Certificate that they provide would not have any references to the usage of the Loan amount as it is totally personal in nature.
I would like to have your suggestions in this regard. Thanks in advance.
CAclubindia
