RESPECTED ALL MEMBERS
MENE EK VEHICLE LOAN PE PURCHASE KIYA HE MERE BROTHER KE NAME SE AB ME INTEREST AMOUNT BROTHER KE ACCOUNT SE PAYMENT KARTE HE SO DEDUCTION LE SAKTE HE. INTEREST KA
THANK U MEMBERS FOR REPLY.
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REGARDING INTEREST
Replies (3)
Quick Summary
Dear sir,
For a salaried individual person, the EMI expense deduction cannot be claimed.
However, if you are earning any amount from vehicle, then you have to offer that income and then you can claim only interest amount which you are paying from your own.
If you are satisfied with the answers, kindly drop email to capravin87 @ gmail.com
Yes sir rent recived on vehicle
Depreciation is allowed to beneficial owner provided there is income from use of such vehicle.
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