| Originally posted by : Ajalesh | ||
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Currently if an employee takes a leased car, the EMI paid is deducted from the taxable income. With the new Direct Tax Code, will this be continued. Or are there any changes mentioned in the DTC? |
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Presently, there is no provision to deduct EMI paid on Leased Car under the had "Salaries". I think, you are mistaken.
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