Insurance Premium for vehicle

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..... Insurance Premium for vehicle
Query (Issue) Started By: - Anup Kumar Grover Dated:- 31-8-2011 Last Reply Date:- 31-8-2011 Income Tax
Got 2 Replies
Income Tax
Whether, First Car Insurance .....

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..... Premium Paid, on purchase of Car, whether this amount to current expenditure or it be added to cost of Car? Reply By PAWAN KUMAR SHARMA: The Reply: First Insurance Premium Paid for purchase of a Ne .....

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..... w car should be Capitalize reason being as per Motor Vehicles Act, every vehicle on road should be properly insured that's why before taking delivery we have to get the Insurance otherwise you will no .....

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..... t be able to get the delivery of the car, means it is direclty linked to get the vehilce on road, hence should be capitalize. Reply By r.rajkumar kumar: The Reply: yes .
Discussion Forum - Knowl .....

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..... edge Sharing .....

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