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Is Interest Paid on LAMF Tax-Deductible? What Investors Must Know
Borrow to avoid exiting long-term equity investments prematurely.
Interest paid on a Loan Against Mutual Funds is generally not tax-deductible for salaried individuals under standard deduction provisions. However, business owners and freelancers may claim the interest as a deductible expense under Section 37(1) if the borrowed funds are used strictly for business purposes such as working capital or asset purchase. In such cases, the post-tax effective cost declines. Apply Now