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Company Commercial Vehicles Regarding

This query is : Resolved 
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(Querist)
07 May 2011 Tyres purchase for a Vehicle is comes under expenditure or Asset.purchase value is 20 to 50 thousand
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
07 May 2011 Any repairs or replacements done to vehicle come under Revenue Expenditure only, irrespective of the quantum of the expenditure so incurred. So, in this case, the tyres shall be under the head expenditure only.

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