18 July 2017
I have income from Salary and also from Car Rentals. I have only one Car which is being used on hire. The car was bought through bank finance and I have to pay the EMI every month against that. Now my questions are... 1. Against the income from the Car Hiring, is the EMI amount deductible u/s. 80C to 80U. If EMI amount is eligible for deduction then under which section? 2. Which ITR form is required to be filed having income from Salary and income from Car Rentals? 3. Due date of filing the applicable ITR form?
CAclubindia
