Car loan can be shown as expense

Ashish (Professional) (117 Points)

16 June 2008  

I am a professional and show various different type of expenses in ITR which occur. I have bought a new car through loan from bank.


Car is used for professional and personal purpose both. I want to know the interest I am paying on car loan, can be shown as a deduction in future ITR and take the benefit?


Please suggest.