https://www.desidime.com/discussions/personal-loan-stocks?page=1#post_9227833
kukdookoo
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They won't know and they won't care until and unless you keep on paying the emis
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.
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
Don't do it.
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.
Yes the loan amount cannot be used into stocks, gambling etc
Wrong info, you can purchase stocks
Nothing. I am already doing it.