Tax exmpetion for personal loan used for buying an owned car

Ajit Patil (Technical Manager) (26 Points)

02 August 2016  

Hi Gurus,

Recently I had taken a personal loan from a private lender to buy an owned car.

I have all the valid proofs of buying the car and even my lender issues me interest certificate.

In this regards I would like to know if I can claim any kind of exemption in Income Tax.

Thank you for your kind help and I am grateful to you.