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Tax Treatment of Loan Against Mutual Funds
LAMF does not attract capital gains tax, though interest deductibility depends on loan usage and individual tax situations.
Borrowing through LAMF does not trigger capital gains since mutual fund units are not sold. Interest paid on the loan may or may not be tax deductible depending on usage. Investors should maintain proper documentation and consult tax advisors to understand implications based on individual financial circumstances, loan purpose, applicable tax laws, and reporting requirements before finalizing borrowing decisions carefully. Apply Now