Home > Experts > Income Tax > Income tax benefits on car loan


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Income tax benefits on car loan (Income Tax)

Report Abuse
This query is : Resolved


( Author )
27 November 2009

Dear Sir / madam

Please let me know, if there is any Income tax benefit on car loans for using it for a company by any employee? This car loan will be taken by employee with the supporting letter from company, that this car will be used for all official company work.

Please help me out

Thanks & Regards
Anil


Aditya Maheshwari

( Expert )
27 November 2009

If the car is in employees name and used by him though wholly for officially purpose there is no benefit for him in Income Tax whether from dep or interest on car loan


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :












submit










Quick Links





back to the top