<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Car &quot;Fancy&quot; Number Costs Not Business Expense; No Revenue or Depreciation Benefits Allowed.</title>
    <link>https://www.taxtmi.com/highlights?id=60256</link>
    <description>Expense for obtaining special number for car - the orders of the authorities below are appropriate that expenditure for obtaining “fancy number for the car” is not at all business expenditure. Hence, there is no question of allowing the same as revenue expenditure or capitalizing the same and allowing depreciation thereon. - AT</description>
    <language>en-us</language>
    <pubDate>Tue, 26 Oct 2021 17:48:52 +0530</pubDate>
    <lastBuildDate>Tue, 26 Oct 2021 17:48:52 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=659516" rel="self" type="application/rss+xml"/>
    <item>
      <title>Car &quot;Fancy&quot; Number Costs Not Business Expense; No Revenue or Depreciation Benefits Allowed.</title>
      <link>https://www.taxtmi.com/highlights?id=60256</link>
      <description>Expense for obtaining special number for car - the orders of the authorities below are appropriate that expenditure for obtaining “fancy number for the car” is not at all business expenditure. Hence, there is no question of allowing the same as revenue expenditure or capitalizing the same and allowing depreciation thereon. - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Tue, 26 Oct 2021 17:48:52 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=60256</guid>
    </item>
  </channel>
</rss>