Ajalesh (IT Professional) (24 Points)
12 December 2011
S.Malleswara Rao
(Accountant)
(92 Points)
Replied 05 January 2012
| Originally posted by : Ajalesh | ||
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Currently if an employee takes a leased car, the EMI paid is deducted from the taxable income. With the new Direct Tax Code, will this be continued. Or are there any changes mentioned in the DTC? |
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Presently, there is no provision to deduct EMI paid on Leased Car under the had "Salaries". I think, you are mistaken.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
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