Personal loan: When can you claim tax benefits against interest paid on loan?
[ad_1] Usually when aĀ personal loan is disbursed, the loan seeker is free to use the money for anything s/he wishes to. UnlikeĀ home loan repayment, personal loan borrowers are not given any income tax benefit. However, this rule is subject to certain exceptions. One can claim income tax benefits on interest paid when the personal loan…