Dear Friends
Recently my company comes up with a proposal that I ( an employee) will buy a car on EMI ( Rs. 9000/- PM) and the company will reimburse it. ( it will last for three years)
My querry is regarding its taxability. whether it will be taken as prequisite till all the EMI's are paid ? Please guide me, and if there is some other possible way out ot save the tax.
regards
narendra kr.
Gurgaon