Tax Implications of a Goods-in-Transit Vehicle met an Accident, What to do?
Goods-in-Transit Vehicle met an Accident What to do?, Understand the Income Tax (IT) and GST implications on loss of stock, vehicle WDV, insurance claims, and mandated ITC reversal under Section 17(5)(h). An accident involving a goods vehicle in transit is a significant business disruption. Beyond the immediate operational headache, it triggers crucial questions regarding the … Read more