Exemption on car loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2015
Dear expert,
my car is being used for officially purpose, but the car is my named not in firm named can i claim depreciation and exemption for paying interest on car loan in income tax
my car is being used for officially purpose, but the car is my named not in firm named can i claim depreciation and exemption for paying interest on car loan in income tax
Amol S Joglekar
(Expert)
11 February 2015
No, you should not entertain such a practice.
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