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Matter of emi

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28 November 2011 Good Evening
Sir/Mam,
I M A Salaried class Person.Can Any1 Tell Me Plz If I m Paying EMI. Of My Car Is 5000. Than Sir Can I Take Deduction Of It.And In Case Of Interest
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CA. RICHI SAXENA

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CA. RICHI SAXENA (Expert)
28 November 2011 HI Rajeev,
There is no sort of deduction available on emi's paid for car loan in indian income tax. Even the interest element on these loans is also not deductible under any section.

CA. Richi Saxena
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CA. RICHI SAXENA

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CA. RICHI SAXENA (Expert)
28 November 2011 HI Rajeev,
There is no sort of deduction available on emi's paid for car loan in indian income tax. Even the interest element on these loans is also not deductible under any section.

CA. Richi Saxena
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CA. RICHI SAXENA

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CA. RICHI SAXENA (Expert)
28 November 2011 HI Rajeev,
There is no sort of deduction available on emi's paid for car loan in indian income tax. Even the interest element on these loans is also not deductible under any section.

CA. Richi Saxena
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CA. RICHI SAXENA

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CA. RICHI SAXENA (Expert)
28 November 2011 HI Rajeev,
There is no sort of deduction available on emi's paid for car loan in indian income tax. Even the interest element on these loans is also not deductible under any section.

CA. Richi Saxena
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CA. RICHI SAXENA

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CA. RICHI SAXENA (Expert)
28 November 2011 HI Rajeev,
There is no sort of deduction available on emi's paid for car loan in indian income tax. Even the interest element on these loans is also not deductible under any section.

CA. Richi Saxena
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