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Interest in emi

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(Querist)
30 August 2015 A INDIVIDUAL BOUGHT A HEAVY VEHICLES ON LOAN AND PAID EMI PAID EVERY MONTH.
HE RECEIVES AS HIRE CHARGES RS.60000/-PM

I WANT TO KNOW WILL HE GET DEDUCTION OF INTEREST PAID ALONG WITH EMI...

IF YES PLEASE MENTION THE U/S ALSO..

THANKS & REGARDS
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
30 August 2015 Section 37.

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