I want to know that i have pay Loan EMI Rs.1670/- Per Month X 12 Month .
Can i show the same ammount in my ITR
Give me suggesstion
Sunil Gupta
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Two Wheelar Loan Relief in Income Tax
Replies (2)
Mr.Sunil
If your source of income is business or profession and you have used the two wheeler for the purpose of your business or profession you can claim depreciation on the two wheeler, you claim maintenance expenses and also interest paid on loan availed to acquire the two wheeler.
Best Wishes
Sathikonda
Mr.Sathikonda is correct.
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