I took a personal loan from my wifes bank account and trasnferred it to my bank account and invested the money in stock market.
So can I show the interest charges in my tax filing and get some tax benefit ?
Like can I add the interest amount to the cost of acquisition of a specific stock bought by the loan money and claim tax benefit ?
Payment of any interest to spouse is generally not accepted by ITD.
Thank you for your reply.
You are welcome.
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