Intrest on Commercial Vehicle
HANNAN SHAIK (292 Points)
30 May 2020
Whether EMI is deductable which is paid on Vehicle for commercial use???
2 Replies
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36380 Points)
Replied 30 May 2020
Yes it is Deductible Expense.
rama krishnan
(12244 Points)
Replied 31 May 2020
Only interest portion Will be eligible for deduction
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