Expense Deduction allowed or Not related to Asset
This query is : Resolved
Quick Summary
28 August 2022
Vehicle Insurance, Repairing, Toll, Diesel, Parking Expense.
Current Vehicle Value Rs.0, As Depreciation was levied,since last 10 years
Can I continue to claim Expense related to Vehicle in Indirect Expenses.
Current Vehicle Value Rs.0, As Depreciation was levied,since last 10 years
Can I continue to claim Expense related to Vehicle in Indirect Expenses.
28 August 2022
Yes, it can be claimed till the vehicle is discarded or sold.
28 August 2022
Thank You Rambhia Sir
29 August 2022
Most Welcome..
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
- 44AD VS 44AB AUDIT
- Query Regarding Refund Adjustment Against Outstanding Demand
- Computation of Dividend
- GST Rate on Bakery Items registered under composition scheme
- Custom Morale Hat Patches UK
- TDS Intimation(Short Deduction)
- OTP ISSUE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- Itr processing delay
- Mode of payment of Tax
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
