Ostroff, Fair and Company
*Ostroff, Fair and Company>>>India Taxes

If I have purchased the car through the company be in name of the company) can I get any tax deduction?


.The very first thing, If I have purchased the
car through the company (may be in the name of the company)
can I get any sort of tax deduction for the amount which I am
paying as the EMI to the bank each month.

2.The very same confusion exist with the house rent.
that is if I have a rented house which I have
taken in the name of the company can I claim any sort of
deduction.

3.Another query relates to my Leave travel Allowance,I
have given a predicted figure of Rs.25000 towards LTA but
this hasn't been taken into account in the calculation of
the Exemptions.The same is the case for the medical allowance.
Can you please clarify that when are these figures be used
as exemptions and are shown as a deduction from the taxable
income.

4.I have also recieved Sodex-ho coupons worth 13000 INR,but
even these hasn't been accounted for.

5.Can the electricity bill and the gas bill (paid by me) be
considered for the exemptions.

Could you make that question any more longer or complex please.
These questions are beyond the scope of this forum.

Please hire some Chartered Accountant


CA. Deepak Bholusaria
longest question????
You can not get tax benefits only for HRA (rent) and that to if you are paying any rent to the company
No tax benefits for the following items
EMis of the car
Sodex-ho coupons
electricity bills
Medical allowance upto Rs. 15000/- is tax free
for more join me at tax_investment_group@yahoogrou...
CA
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