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

One-time vehicle tax is part of car's actual cost, included in depreciation calculation as a capital asset expense.

July 24, 2014

Case Laws Income Tax AT

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

One-time vehicle tax is part of car's actual cost, included in depreciation calculation as a capital asset expense.

July 24, 2014

Case Laws Income Tax AT

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