Deduction of interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 March 2018
Dear Expert,
My friend is operating taxi business and he bought a car on loan and paying 15000/-pm as EMI. Can he claim deduction interest amount of the car loan and which section ??
Regards
My friend is operating taxi business and he bought a car on loan and paying 15000/-pm as EMI. Can he claim deduction interest amount of the car loan and which section ??
Regards
30 March 2018
Can be deducted while calculating income from taxi business.
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