Insurance exp.
This query is : Resolved
Rakesh Sharma
(Querist)
26 August 2015
We have done insurance of company's commercial lorry for the period from 11-05-2015 to 10-05-2016.
The above lorry has sold on dtd. 20-08-2015. Can we claim full insurance exp., Road tax etc. or need to calculate the same proportionately.
Please advise.
The above lorry has sold on dtd. 20-08-2015. Can we claim full insurance exp., Road tax etc. or need to calculate the same proportionately.
Please advise.
Amol S Joglekar
(Expert)
26 August 2015
You can claim full insurance. No need to do it on pro rata basis.
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