https://www.desidime.com/discussions/personal-loan-stocks?page=1#post_9227833
They won't know and they won't care until and unless you keep on paying the emis
Personal loan - Stocks
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Just a noob question:
While going through Personal loan terms it is mentioned that it cant be used for speculative purposes.
does that include buying stocks?
What happens if bought shares with personal loan amount.
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https://www.desidime.com/discussions/personal-loan-stocks?page=1#post_9227885
Speculative (in terms of Income tax) means...
intraday trading
I think you can still take delivery of shares...
Anyways. They don't care..till you are paying emi's on time
https://www.desidime.com/discussions/personal-loan-stocks?page=1#post_9228162
Don't do it.
https://www.desidime.com/discussions/personal-loan-stocks?page=1#post_9228931
No Issues on Buying Stocks. Moreover you can even claim interest paid as deduction if your sole purpose of taking loan was to purchase shares.
https://www.desidime.com/discussions/personal-loan-stocks?page=1#post_9229464
Yes the loan amount cannot be used into stocks, gambling etc
https://www.desidime.com/discussions/personal-loan-stocks?page=1#post_9229800
Nothing. I am already doing it.
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Don't do it.