I agree with CA Shivang as well, a car insurance cannot be capitalized because of the validity and since you need to renew it every year.
Ravi Desai
(Others)
(103 Points)
Replied 20 March 2013
I agree with CA Shivang as well, a car insurance cannot be capitalized because of the validity and since you need to renew it every year.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
