interest exempt or not
This query is : Open
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
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.
If the car is used for business purpose, then Yes.
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