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Capitalisation of insurance expense of vehichles

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(Querist)
01 December 2011 Wether Insurance premium paid for the first time on vehicles should be capitalised or not???
If it is included in the bill then what should be done and if its not included then what should be the treatment???????
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CA Navin Jain

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CA Navin Jain (Expert)
01 December 2011 First time insurance shall be capitalised whether its including bill or not.

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