Intrest on Commercial Vehicle

Whether EMI is deductable which is paid on Vehicle for commercial use???
Replies (2)
Quick Summary
This discussion clarifies whether the interest paid on a commercial vehicle's EMI is a deductible expense. The answer is yes, the interest portion of your EMI payments is eligible for tax deduction. Only the interest component can be claimed, not the principal repayment.

Yes it is Deductible Expense. 

Only interest portion Will be eligible for deduction

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