Recently a new car purchased by the company and payments made for the following aspects as per invoices raised But, what should be the value of the car to be considered in books
I am aware that only amounts for car is to be considered in books (including initial insurance charges) but have doubts on Hypothecation charges, payment for Front & Back sensors and TCS being our reimbursement
Plz help and also inform the amounts being admissible to be taken as value of assets (car in my case) for taxation & depreciation purpose.
CAclubindia
