Motilal Oswal
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Motilal Oswal
January 30, 2019 03:31 PM IST | Business

Here's how you can claim tax benefit on personal loans

Considering the potential for large ticket sizes, the question of whether or not personal loans are tax saving credit instruments is often posed.
As such, there is no specific mention in the Indian Income Tax Act about personal loans helping individuals to save tax.
Here's how you can claim tax benefit on personal loans
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