Renewal of car registration

Tax queries 122 views 1 replies

Money paid 2,51,143/- for renewal of registration of car for subsequent period of 5/10 years (initial registration was for 5 years) is to be treated as expenses in current year or amortised or added to wdv of car and charged as depreciation?

Replies (1)
It ll be added to Car's value and Charge depreciation...


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