I have purchased a Bike on 06.11.2018 on account of EMI, and have a Loan from Capital First, How I show a bike loan and Interest in my ITR for 2019-20
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How i show a bike loan in my itr
Replies (5)
Is it individual or business...?
my self Individual. pl advice sir
Unless its your business asset, no disclosure required.
@ Mr Sathya Dharani.,
If individual no way/need for show/claim the loan interest...
In case it's business transaction then the interest can be book expenditure nature. And loan amount also under "Loans Liability".
If individual no way/need for show/claim the loan interest...
In case it's business transaction then the interest can be book expenditure nature. And loan amount also under "Loans Liability".
No disclosure required if assesse is individual.
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