26 December 2008
If we purchase the car what the expenses should be capitalized what are to be treated as allowable expenses from Income Tax point of view?
1. Car Basic Cost 2. Taxes on Basic cost of Car 3. RTO Exp 4. Insurance 5. AMC 6. Road Tax 7. Registration charges 8. File charges for loan sanction 9. interest on car loan 10. Octroi & taxes 11. VIP Number Charges 12. Accessories
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