Tax Exemption in Car Loan

Sir, Can I Get Tax Exemption in Car Loan. I'm getting Car Pay (Interest Subsidy Allowance)of Rs.4167 in salary. Regards Tarun Adhikari

asked Jul 04 '11 at 10:18 by Tarun 1●1●1●1

One Answer:

Income tax deduction cannot be availed for amount paid towards car loan.

answered Jul 04 '11 at 23:23 by Pankaj Batra 5.2k●3●20

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Asked: Jul 04 '11 at 10:18

Seen: 4,260 times

Last updated: Jul 04 '11 at 23:23