EASYOFFICE
EASYOFFICE
EASYOFFICE

interest exempt or not

This query is : Open 
Profile Image

Profile Image

(Querist)
03 March 2010 sir, tell me if a person finanaced a car and paying regular instellment. paying interest on financed car is exempt or not
Profile Image

Shyam Lal Naik

Profile Image

Shyam Lal Naik (Expert)
03 March 2010 The question is not clear. It appears that, you want to know, whether the interest paid on financed car is allowable as business expenditure.

If the car is used for business purpose, then Yes.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links