EASYOFFICE

Expenditure

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 June 2015 I would like to know whether the first road tax paid for a heavy vehicle - Lorry- quarterly road tax, is a capital expenditure or revenue expenditure?
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
20 June 2015 expenditure incurred before putting the vehicle to use will be capitalized. the subsequent payments for road tax etc will be treated as revenue expenditure.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links