Mr. Arror , Your question is not related with this topic, I have given my opinion on your matter in resoponse to tally entry.
Surana, Chennai
9952967237
Insurance on purchase of new car
Page no : 2
CA Devanshi Gandhi (Ajani)
(FCA DISA Mcom CIFRS & LLB)
(9060 Points)
Replied 12 April 2009
it should be capitalised
chintan mehta
(Chartered Accountant)
(445 Points)
Replied 23 April 2009
any expenditure incurred before the vehicle is put to use should be capitalised
Rupesh Jha
(M.Com CA PhD* and MBA*)
(1116 Points)
Replied 24 April 2009
YES IT SHOULD BE CAPITALISED AS PER AS-10.
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