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Bike insurance and repair

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(Querist)
02 October 2022 Hyy, i want to know that how insurance and its taxation working in Bike showrooms , from buying it and when bike owner withdraw his insurance for various reasons. can someone explain with examples please.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 October 2022 What you mean by bike owner withdraw his insurance? Till it is sold to customer, there would be no owner...
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suryadipsinh mori

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suryadipsinh mori (Querist)
02 October 2022 Yeah means who buys the bike is owner of the bike
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 October 2022 For the show room its just stock, so the insurance is for all the existing stock in trade. When any bike is sold the stock gets reduced to that effect.
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suryadipsinh mori

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suryadipsinh mori (Querist)
05 October 2022 Ok sir thank you for your time
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 October 2022 You are welcome...
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