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Car tyre expenses nature

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 September 2014 Dear Experts,

ABC LTD have a Car purchased 2 years back AND today incurred Rs. 9000 for its new tyre purchase,I want to know that said expenses fall in which category whether it is a revenue expenditure or its a capital nature expenses.



Thanks
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
09 September 2014 It is revenue expenditure under exp. head of 'Vehicle Expenses'
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 September 2014 Revenue expenditure. You can show it as vehicle expenses as suggested by Learned Expert or Repairs to vehicle.
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