I refinanced my ppor to buy a an IP which I moved after sometime( and have since then updated the ip and ppor details in bank).
Since I have staying in the house for which i had used the refinanced money from my now IP I can’t use the full amount of interest being charged on it for tax.
Here is my question, if I buy shares for his amount i took from refinancing ip can i claim tax for the full refinanced amount?
Example for clarity(not real figures): IP : 500k (initial cost), Refinanced for 600k(got 100k to invest)
Used this 100k to buy ppor for 800k.
Current tax situation: can only claim interest for 500k for ip not the full 600k. If i buy shares worth 100k now, will i be able to cla