How can i show car loan when i filling IT return?
Please help
If u r filing ITR 3
You can show car loan under Secured loan and car value to be shown as fixed asset and claim depreciation for the same @ 15% p a
ITR 1 should be filed for salaried person. There is no need to show vehicle loan in ITR 1 form.no deduction will be available for vehicle loan interest or principal repayment.
| Originally posted by : Dipankar Das | ||
 |
i am govt salaried person... in which return it will be applicable |  |
You / Salaried Employee can't shown the Car & Car Loan details. Also You can't deduct it's Interest...
CAclubindia
