Irfan bhai i think what @hamza_00 is trying to do is have the Tax adjusted in Company Income Tax...It will also give the added advantage of taking depreciation for the value of the car in your Book of Accounts as expense....And in case the Car is being financed than you get to take the Full Installment amount as expense although it also has a Principal Amount....Am i right??[/QUOTE]
Sir, I have limited knowledge, I am a salaried individual. Not sure how it work for companies. Any information as what you have provided will be an increase in my knowledge.