Car allowances
This query is : Resolved
04 June 2012
Dear Sir,
I have Car which is of my personal purposes and Can I get car Allowances or other allowance so that I can reduce my Income tax Liability.
What is the limit if I am getting this allowance.
Kindly request you to suggest me the same.
I have Car which is of my personal purposes and Can I get car Allowances or other allowance so that I can reduce my Income tax Liability.
What is the limit if I am getting this allowance.
Kindly request you to suggest me the same.
04 June 2012
If the car is used for personal purpose only
then you can not reduce your IT Liability.
.
then you can not reduce your IT Liability.
.
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