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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Without the first insurance, it cannot be said that the vehicle ...

Income Tax

June 14, 2016

Without the first insurance, it cannot be said that the vehicle has been put to use. Therefore, the first insurance premium paid would go to increase the cost of the vehicle and, therefore, the same has been treated as capital expenditure - AT

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