Car loan
This query is : Resolved
26 June 2013
I have taken a car loan from SBI bank , and my father is a government Servant.
Can Car Loan Interest is deducted from Income tax?
Can Car Loan Interest is deducted from Income tax?
Rupesh Jain
(Expert)
26 June 2013
NO only Housing loan adn education loan is deductable under inocme tax act
CA.Vinita Gupta
(Expert)
26 June 2013
No no benefit of Income Tax on Car Loan
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