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
Menu
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.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
