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Hi sir can you please make a video on purchasing ultra luxury cars
About a hack
Say I buy a Mercedes Benz g63 amg
Worth 5cr on road via emi
Under my company name
General depreciation per year in India I can show is 15-20%
I will keep this car for 5 years
And then resale
The thing is for a well maintained g63amg the resale value is not depreciated by 15-20% but mere 2-3%
It retains value
So say I sell it for 4 cr
I can claim my depreciation also
So overall for 5 years I may not spend anything except for fuel and service costs
Is this true?
