Capitalisation of first expenses
This query is : Resolved
06 March 2009
Whether the insurance charges, road tax paid for the first time on the new vehicle purchased should be capitalised.
06 March 2009
When you Purchase new Vehicle then all expences like RTO Tax, Insurance, any Financing Charges, any extra Money say "ON" for purchase of vehicle should be capitalised and Vehicle Price should be Gross-up for showing in Bal/Sheet
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Form 26QB for TDS on property
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- RCM - commercial rent paid to URP under GST
- GST Annual Returns filing due date
- Offsetting interest income against derivative trading losses
- Whether still royalty
- Gst Sales of FY 2023-24
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
