Poonawalla fincorp
Poonawalla fincorp

Agricultural Expenses

This query is : Resolved 
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(Querist)
26 August 2009 Can i show a two-wheeler bought for my agricultural use as an expense against my agri income.... and also can i show the premium paid for it in subsequent years as agricultural expenses in respective year! Thanks in advance!
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
02 September 2009 it will be capitalised and premium paid later on will be treated as expenses.

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