Claiming 2 cars in financials

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(Enthusiast)Enthusiast

14 Sept 2023

Case:

One of our client is cover under PSI rules. He purchased 1 Electric vehicle and claimed full depreciation in FY 2023 under TFE rules. Now he is purchasing another CAR in FY 2024.

Question:

1.Whether a PSI client claims 2 cars?

2.Whether client's argument "Electric vehicle is only used for local use and is not suitable for long distance travel like moving from one city to another, this why new petrol car is bought" is reasonable for claiming two cars?

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