I am planning to buy a car, through some bank loan, will this loan amount or its interest will have a tax-exempt. Kindly let me know, it will be more helpful for me.
RE:Vehicle Load will excempt TAX
by Venkatesh Sekhar on May 04, 2007 12:54 PM Permalink
I am thinking on behalf of PC
'Cars are used by all higly paid salaried employees, how car loan be without tax?? In my next interview I should say that all interets on car loans taken by salaried clause will be subject to service tax and educational cess"
RE:Vehicle Load will excempt TAX
by rajesh kanala on May 04, 2007 12:41 PM Permalink
NO TAX EXEMPTION PLEASE PAY ROAD TAX, INSURANCE, EXECISE DUTY, SALES TAX, SALE TAX ON FUEL..
RE:Vehicle Load will excempt TAX
by BADAM KANNAIAH on May 04, 2007 01:33 PM Permalink
If you are a salaried man, no exemptions and in case you are a business man you will get all exemptions under expenses. mr. chidambaram, please extend this facility to salaried people also, you should encourage salaried persons to get exemptions for buying car, paying road tax, insurance, fuel tax etc
