Initial Insurance Premium Deemed Capital Expenditure, Increases Vehicle Cost Under Tax Rules.

Initial Insurance Premium Deemed Capital Expenditure, Increases Vehicle Cost Under Tax Rules. https://www.taxtmi.com/highlights?id=29723 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 en-us Tue, 14 Jun 2016 10:59:44 +0530 Tue, 14 Jun 2016 10:59:44 +0530 TaxTMI RSS Generator Initial Insurance Premium Deemed Capital Expenditure, Increases Vehicle Cost Under Tax Rules. https://www.taxtmi.com/highlights?id=29723 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 Highlights Income Tax Tue, 14 Jun 2016 10:59:44 +0530 https://www.taxtmi.com/highlights?id=29723