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Capitalisation of Road Tax and First year Insurance premium

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(Querist)
24 October 2010 Whether one time Road Tax and first year insurance premium paid on purchase of vehicle can be capitalised alongwith the cost of vehicle .
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
24 October 2010 YES.
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taxindiaconnect

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taxindiaconnect (Expert)
25 October 2010 Dear it is not "can be", "it has to be".
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