14 July 2011
I purchased a old and used generator from gujrat when it comes from gujrat throw my own transport police deduct a challan of Rs 13000 due to overload of truck .so I want to ask that can i capital that challan amt. in generator cost ? if no where i can book that cost in my account. reply fast.
15 July 2011
Please refer AS-10 for capitalization of fixed assets, Transportation cost can be part of fixed assets,but the nature of penalty may not be
CAclubindia
