Sift flour into a large bowl. Resift flour with sugar, salt, baking powder, baking soda, cinnamon and nutmeg to combine.
Crumble butter into flour mixture with your fingers, then stir in milk and egg.
With floured hands, lightly work dough just to moisten.
Knead two or three times so the dough comes together. Pat dough with your fingertips into 1/4 inch thickness.
Dip either a doughnut cutter or two biscuit cutters in flour.Rework the leftover for new ones.
Heat oil in deep fryer approx 360 F
Use a spoon to lower doughnuts into hot oil, cooking them 2 to 3 at a time and allowing the oil to return to temperature between batches. Fry on the first side for 2 minutes, flip, and fry the remaining side an additional 1 to 2 minutes or until evenly browned. Drain on prepared paper towels.
Topping:Mix Condensed Milk along with crushed Butter Cookies.
Top the doughnuts with this topping and pour melted chocolate over the top to garnish.