Intrest on Commercial Vehicle

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292 Points Posted on 30 May 2020
Whether EMI is deductable which is paid on Vehicle for commercial use???
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On 30 May 2020 at 13:06 Report
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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.

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Finance/Compliance Consultant
69650 Points Posted on 30 May 2020

Yes it is Deductible Expense. 

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On 30 May 2020 at 18:58
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12244 Points Posted on 31 May 2020
Only interest portion Will be eligible for deduction
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On 31 May 2020 at 04:05

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