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Should be capitalized or transferred to revenue exp.

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(Querist)
27 March 2022 whether all the expenses relate to purchase of car motor car or are incidental to purchase of motor car.
or
processing fee and stamp duty for obtaining car loan should be capitalized or transferred to revenue .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 March 2022 All expenses related to purchase of car can be capitalised.
Transfer to revenue loan processing fee and stamp duty.

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