April 20, 2024 17:37 (IST)
How to get tax benefits on personal loans in 2020?
You may take on a personal loan to meet immediate needs or planned expenses. Whatever the use of the funds from a loan may be, you will be required to pay interest on the principal amount. The amount you pay every month to repay the loan is referred to as an EMI. While taking a loan may be necessary, the Income Tax department does offer some relief to the borrowers.
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How to get tax benefits on personal loans in 2020? Thu, Sep 10 2020