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Vehicle (car) Loan

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(Querist)
11 May 2011 I have taken a car on loan. can anyone please suggest me whether i can avail the interest portion or principal repayment portion as a deduction for computing my taxable income?
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
11 May 2011 IF U ARE IN A BUSINESS OR PROFESSION THEN U CAN CLAIM DEDUCTION FOR INTEREST AMOUNT

CA MANOJ GUPTA
JODHPUR
09828510543

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