Money paid 2,51,143/- for renewal of registration of car for subsequent period of 5/10 years (initial registration was for 5 years) is to be treated as expenses in current year or amortised or added to wdv of car and charged as depreciation?
MadxShash (y) (84 Points)
19 February 2018Money paid 2,51,143/- for renewal of registration of car for subsequent period of 5/10 years (initial registration was for 5 years) is to be treated as expenses in current year or amortised or added to wdv of car and charged as depreciation?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 February 2018