Car loan interest in income tax

asheeq ua (ca ipcc) (313 Points)

30 June 2020  
One of my client is travel agent. Its proprietorship business. He bought a new car in last FY through loan, now he has cleared the loan. Car is not used for business purpose.

1.My question is should i disclose new car in balance sheet? As, car is not used for business, what if i disclose car in Accounts?

2. Can i take interest paid on loan in P&l A/c?

Awaiting for your reply,