What kinds of benefit one gets on income tax for car loan ?

POSTED BY nitishkumar ON March 8, 2014 2:59 pm ONE COMMENT

Sir i am a civil contractor and i take loan Rs 400000 for car purchase. I want to know  what kinds of benefit in income tax  for car loan

One reply on this article “What kinds of benefit one gets on income tax for car loan ?”

  1. ashalanshu says:

    Dear Nitish, the interest paid for the car loan ‘ll be available as an expense to beadjusted from your income.

    Thanks

    Ashal

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