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....
Nikhil Kaushik
(Expert)
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
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