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Cost of assets

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(Querist)
13 July 2013
can i treat the following expenses as a capital expenditure and then cost assets?

1. An insurance expenses incurred for vehicle
2.An insurance expenses incurred for building
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harleen batra

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harleen batra (Expert)
13 July 2013 No, These are revenue expenditures.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
13 July 2013 IT SHOULD NOT BE CAPITALISED.
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