Tag Archives: #ITRAutoDeductions

What tax deductions for Automobile Dealers during ITR filing?

Tax Deductions for Automobile   Here are some tax deductions for automobile dealers during ITR filing: 1. Depreciation on motor vehicles: Automobile dealers can claim depreciation on motor vehicles used for business purposes. The amount of depreciation that can be claimed depends on the type of vehicle and its age. 2. Interest on car loans:… Read More »