we are manufacturer of rice bran oil. we have purchased a oil tanker for business purpose. can we consider the oil tanker as vehicles or plant and machinery under fixed asset. please clarify.
Senthilkumar (Accounts Manager) (27 Points)
16 April 2018we are manufacturer of rice bran oil. we have purchased a oil tanker for business purpose. can we consider the oil tanker as vehicles or plant and machinery under fixed asset. please clarify.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 16 April 2018
U CAN CONSIDER AS VEHICLE
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 16 April 2018
YES , AS THE VEHICLE IS USED FOR BUSINESS PURPOSE
CMA RAMPRASAD GUNDETI
(Dy.MANAGER-FINANCE )
(229 Points)
Replied 16 April 2018
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)