Dear sir;
vehicle registration charges is expenditure or Fixed Asset ????
7 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 15 August 2021
It is a part of cost of the vehicle and hence an asset.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 17 August 2021
But maan registration charges will be treated as an expenditure na??
Ankit Neema
(2742 Points)
Replied 17 August 2021
Registration charges of the vehicle should be included in the cost of vehicle i.e. should be capitalize
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 18 August 2021
| Originally posted by : Sourav | ||
 |
But maan registration charges will be treated as an expenditure na?? |  |
As I understand, all the costs associated in bringing the asset to operation is part of acquisition. In this case, since the vehicle cannot run without being it registered, it is a part of cost of acquisition.
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