Is it possible to save tax by buying car for salaried pe

abhishek (Staff) (70 Points)

07 April 2011  


I have two sources of income, my salary from job.
And the main component is the interest on my investments, due to which I have to pay heavy amount of taxes every year.

I would like to know if I could save taxes on depreciation on buying a new car.
Is there any way I can save taxes on interest income.