Car loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 October 2015
Dear experts,
A proprietary concern has buy car on loan nemed in proprietor, plz let me know can this proprietary firm avail exemption of interest and principal amount,
Regard
Karan sharma
A proprietary concern has buy car on loan nemed in proprietor, plz let me know can this proprietary firm avail exemption of interest and principal amount,
Regard
Karan sharma
07 October 2015
What kind of exemption of interest and principal you are talking about. On car loan there are no such exemptions. Income tax benefits are available only in respect of home loan interest and principal.
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