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 paid per instalments as per according to the amortization schedule provided by the bank?
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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 paid per instalments as per according to the amortization schedule provided by the bank?
No.
Only mortgage interest payment on your main home or second home is deductible as itemized deduction.
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