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Asset taken on hire purchase/ installment basis

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25 December 2017 If vehicle is taken on installment basis, then what will be its accounting and income tax treatment if only few part installments till 31 st march

25 December 2017 * if only few installments paid till 31 st march

30 September 2021 Segregate the basic amount and interest amount from each installments, and account them as current assets and expenditure acc respectively.




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