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Car loan

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(Querist)
26 June 2013 I have taken a car loan from SBI bank , and my father is a government Servant.

Can Car Loan Interest is deducted from Income tax?
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Rupesh Jain

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Rupesh Jain (Expert)
26 June 2013 NO only Housing loan adn education loan is deductable under inocme tax act
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
26 June 2013 No no benefit of Income Tax on Car Loan
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