Amount paid for new number for vehicle

CA Darshan.S (Chartered Accountant) (230 Points)

12 June 2013  

Dear all,

I am having a doubt whether the amount paid for getting special number or Fancy number for vehicles should be capitalized or not?

Also whether the tax and other duties paid while registration of the vehicle should be capitalized or not in the foll cases.

1) The vehicle is purchased from india

2) Vehicle purchased outside india.