Hey Guys, I am a freelancer and now I am above the slab of INR 180000, so I have to pay income tax for the financial year 2011-12.
My question is I am thinking to buy a car by the end of July and my choice is to finance it completely. I will give the complete documents to the bank but I have no idea about that income tax rule.
As I am paying it for the first time, I think I am not eligible for Car loan , is that true???
Serious Help needed Guys!