Deduction of interest on car loan interest amount
Querist : Anonymous
I am a commission agent. my income is from this business. i have purchased a car in the firm and availed loan from the bank.
my question is that can i claim, the interest amount of car loan as, the expenses in business?
BUT FOR THAT YOU HAVE TO MAINTAN CAR LOG BOOK
IN WHICH YOU HAVE TO RECORED CAR JOURNEY
PURPOSE AND KM ETC
FOR FUTURE INCOME TAX CASE PURPOSE
Querist : Anonymous
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