InvestorQ : why LAS loan is not come under tax benefit?
mohini made post

why LAS loan is not come under tax benefit?

Answer
user profile image
leah Diaz answered.
1 year ago


In get Loan Against Property (LAS), you have to pledge your equity shares, mutual funds, bonds or securities against your loan amount. LAS is known for its easy access to liquidity. LAS offers overdraft facility.
Several online banking facilities provides the benefits of LAS, such as;
Quick access to liquidity
Zero foreclosure charges.
As per my research, there is no such taxation policy yet formed to claim benefit against LAS. Nor the reason is uploaded anywhere yet.