Choice number fees
This query is : Resolved
25 March 2014
I paid 150000 for my car for choice number of 0011 can I capitalised the same and claim depreciation
25 March 2014
yes u can capitalise it as without reg no the car will not be able to be used and can claim depreciation....
25 March 2014
one question you need to answer is whether it can argued that the said expenditure is not wholly for the purpose of business as the statutory liability for no registration is way below the fancy number fees paid.
as long as answer to this negative, you can claim depreciation as Tushar suggested
as long as answer to this negative, you can claim depreciation as Tushar suggested
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Leave encashment and gratuity on death of employee
- Tax Liability on Trading Account in Name of Person with Disability (Autism) Operated by Guardian
- Tcs claim for previous financial year
- Portuguese Civil Code of 1867
- TDS on Purchase of Goods 194Q
- IGST ITC RELATED
- IMPORT OF GOODS CREDIT
- GST on Taxi Service
- Itc on mobile phone used for business
- COMPLIANCE FOR HUF AFTER DEATH OF KARTA
- TDS Return filing if only have 15G /15H deductions and no other payments
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- Gst no of supplier cancelled from 2017
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
