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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

One time vehicle tax paid on purchase of vehicle - the tax ...

Case Laws     Income Tax

July 24, 2014

One time vehicle tax paid on purchase of vehicle - the tax levied by the Act would form part of the actual cost of the motor car, a capital asset, on which the same is levied, and exigible to depreciation as a part to the actual cost - AT

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