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aradhana_001
Jan 8, 2009, 02:44 AM
I took personal loan and i am repaying the instalments always on time.
Will i get tax rebate on personal loan?
If yes, will this be on interest charges payed per instalments as per according to the amortization schedule provided by the bank?
MukatA
Jan 8, 2009, 04:32 AM
No.
Only mortgage interest payment on your main home or second home is deductible as itemized deduction.